Leon’s Furniture Limited (TSE:LNF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Leon’s Furniture Limited (TSE:LNF) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$29.00.

LNF has been the subject of a number of analyst reports. National Bank Financial raised Leon’s Furniture to a “strong-buy” rating in a report on Thursday, January 30th. CIBC set a C$29.00 price objective on Leon’s Furniture and gave the company a “neutral” rating in a research report on Tuesday, December 17th. Royal Bank of Canada dropped their target price on Leon’s Furniture from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, Stifel Nicolaus decreased their price target on Leon’s Furniture from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research note on Wednesday, February 26th.

Leon’s Furniture Stock Up 0.7 %

Shares of TSE LNF opened at C$23.90 on Tuesday. The firm’s 50-day moving average is C$24.77 and its two-hundred day moving average is C$26.63. The company has a market capitalization of C$1.65 billion, a PE ratio of 12.46 and a beta of 0.82. The company has a debt-to-equity ratio of 38.14, a current ratio of 1.38 and a quick ratio of 0.53. Leon’s Furniture has a 12-month low of C$20.27 and a 12-month high of C$30.64.

About Leon’s Furniture

Leon’s Furniture Ltd is a Canada-based retailer which is involved in the sale of home furnishing, mattresses, appliances, and electronics. The firm is also the country’s commercial retailer of appliances to builders, developers, hotels, and property management companies. It generates maximum revenue from sales of goods by corporate stores.