Leon’s Furniture (TSE:LNF) Stock Gets Price Target Increase from Royal Bank Of Canada

Leon’s Furniture (TSE:LNF) had its price objective raised by equities research analysts at Royal Bank Of Canada from C$32.00 to C$33.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price indicates a potential upside of 14.78% from the stock’s current price.

Several other analysts also recently commented on the stock. National Bank Financial increased their price objective on shares of Leon’s Furniture from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday. Stifel Nicolaus lifted their target price on shares of Leon’s Furniture from C$25.50 to C$27.00 and gave the stock a “hold” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$32.00.

Leon’s Furniture Stock Down 1.7%

Shares of TSE LNF traded down C$0.50 during trading on Monday, reaching C$28.75. The company had a trading volume of 16,170 shares, compared to its average volume of 22,743. Leon’s Furniture has a 12-month low of C$23.24 and a 12-month high of C$29.86. The stock has a market cap of C$1.98 billion, a PE ratio of 12.50 and a beta of 0.90. The business’s 50-day moving average is C$25.26 and its 200 day moving average is C$25.51. The company has a quick ratio of 0.53, a current ratio of 1.59 and a debt-to-equity ratio of 38.38.

Leon’s Furniture (TSE:LNF) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.74 earnings per share (EPS) for the quarter. The firm had revenue of C$672.79 million during the quarter. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%. As a group, equities analysts forecast that Leon’s Furniture will post 2.21 earnings per share for the current fiscal year.

Leon’s Furniture Company Profile

Leon’s Furniture Limited is the largest retailer of furniture, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; Brick Outlet; and The Brick Mattress Store. Finally, with The Brick’s Midnorthern Appliance banner alongside with Leon’s Appliance Canada banner, this makes the Company the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies. The Company has 301 retail stores from coast to coast in Canada under various banners.