Leon’s Furniture (TSE:LNF) Stock Gets Price Target Bump from National Bank Financial

Leon’s Furniture (TSE:LNF) had its price target increased by equities research analysts at National Bank Financial from C$34.00 to C$36.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price target would suggest a potential upside of 25.22% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their price target on Leon’s Furniture from C$25.50 to C$27.00 and gave the company a “hold” rating in a research report on Monday. Royal Bank Of Canada cut their price objective on shares of Leon’s Furniture from C$33.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Leon’s Furniture presently has an average rating of “Moderate Buy” and a consensus target price of C$32.00.

Leon’s Furniture Stock Performance

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

Leon’s Furniture (TSE:LNF) last issued its quarterly earnings data on Thursday, November 5th. The company reported C$0.74 earnings per share (EPS) for the quarter. The business had revenue of C$672.79 million for the quarter. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%. On average, analysts anticipate that Leon’s Furniture will post 2.21 earnings per share for the current fiscal year.

About Leon’s Furniture

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.