Leon’s Furniture (TSE:LNF) PT Set at C$29.00 by CIBC

Leon’s Furniture (TSE:LNF) received a C$29.00 price target from equities researchers at CIBC in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 13.73% from the stock’s current price.

LNF has been the subject of several other reports. Stifel Nicolaus set a C$30.00 price objective on Leon’s Furniture and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Acumen Capital set a C$34.00 price target on shares of Leon’s Furniture and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research note on Tuesday, October 22nd.

Leon’s Furniture Trading Down 2.1 %

LNF stock opened at C$25.50 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88. Leon’s Furniture has a twelve month low of C$18.16 and a twelve month high of C$30.64. The company has a market cap of C$1.74 billion, a P/E ratio of 11.92 and a beta of 0.82. The business has a fifty day moving average of C$27.43 and a 200-day moving average of C$26.46.

Insider Activity at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 7,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$26.15, for a total value of C$183,043.70. 69.49% of the stock is currently owned by corporate insiders.

Leon’s Furniture Company Profile

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.