Leon’s Furniture (TSE:LNF) Price Target Cut to C$27.00 by Analysts at Stifel Nicolaus

Leon’s Furniture (TSE:LNF) had its price target lowered by investment analysts at Stifel Nicolaus from C$30.00 to C$27.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 8.43% from the stock’s previous close.

LNF has been the topic of several other research reports. National Bank Financial raised shares of Leon’s Furniture to a “strong-buy” rating in a research note on Thursday, January 30th. CIBC set a C$29.00 target price on shares of Leon’s Furniture and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.50.

Leon’s Furniture Trading Up 1.3 %

Shares of LNF traded up C$0.31 during trading hours on Wednesday, reaching C$24.90. 20,515 shares of the company traded hands, compared to its average volume of 18,163. The company’s fifty day moving average price is C$25.45 and its two-hundred day moving average price is C$27.19. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 12.98 and a beta of 0.82. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 38.14. Leon’s Furniture has a 12 month low of C$20.27 and a 12 month high of C$30.64.

Insiders Place Their Bets

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