Royal Bank Of Canada Cuts Leon’s Furniture (TSE:LNF) Price Target to C$32.00

Leon’s Furniture (TSE:LNF) had its price objective trimmed by Royal Bank Of Canada from C$33.00 to C$32.00 in a research report released on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently commented on the stock. National Bank Financial lowered their target price on shares of Leon’s Furniture from C$35.00 to C$34.00 and set an “outperform” rating for the company in a research note on Monday. Stifel Nicolaus lowered their price objective on Leon’s Furniture from C$27.00 to C$25.50 and set a “hold” rating for the company in a research report on Monday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$30.88.

Leon’s Furniture Trading Down 1.0%

Leon’s Furniture stock opened at C$24.35 on Monday. The stock has a 50-day moving average price of C$24.20 and a 200 day moving average price of C$25.63. Leon’s Furniture has a 52 week low of C$23.24 and a 52 week high of C$30.80. The stock has a market cap of C$1.67 billion, a PE ratio of 10.59 and a beta of 1.16. The company has a current ratio of 1.59, a quick ratio of 0.53 and a debt-to-equity ratio of 38.38.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.51 earnings per share (EPS) for the quarter. The company had revenue of C$631.29 million for the quarter. Leon’s Furniture had a net margin of 6.22% and a return on equity of 12.76%. Equities research analysts predict that Leon’s Furniture will post 2.2104466 earnings per share for the current fiscal year.

Insider Buying and Selling at Leon’s Furniture

In related news, insider Darci Marie Walker purchased 1,500 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$24.00 per share, for a total transaction of C$36,000.00. Following the acquisition, the insider directly owned 2,500 shares in the company, valued at C$60,000. This trade represents a 150.00% increase in their ownership of the stock. 69.49% of the stock is currently owned by company insiders.

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.