Leon’s Furniture (TSE:LNF) Rating Increased to Strong-Buy at National Bank Financial

Leon’s Furniture (TSE:LNF) was upgraded by investment analysts at National Bank Financial to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other research analysts have also weighed in on LNF. Stifel Canada raised shares of Leon’s Furniture to a “hold” rating in a research note on Tuesday, October 22nd. CIBC set a C$29.00 price objective on shares of Leon’s Furniture and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus set a C$30.00 target price on Leon’s Furniture and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$29.25.

Leon’s Furniture Stock Performance

Leon’s Furniture stock opened at C$25.98 on Thursday. The firm has a 50 day simple moving average of C$25.76 and a 200-day simple moving average of C$27.10. The stock has a market cap of C$1.77 billion, a price-to-earnings ratio of 12.14 and a beta of 0.82. The company has a debt-to-equity ratio of 41.88, a current ratio of 1.42 and a quick ratio of 0.53. Leon’s Furniture has a 1-year low of C$20.02 and a 1-year high of C$30.64.

Leon’s Furniture (TSE:LNF) last posted its earnings results on Thursday, November 7th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.01). Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. During the same period last year, the firm posted $0.75 EPS. On average, analysts expect that Leon’s Furniture will post 2.2104466 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer John Andrew Cooney sold 7,000 shares of the firm’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 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.