Leon’s Furniture (TSE:LNF) Stock Price Target Raised at Royal Bank Of Canada

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

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

Leon’s Furniture Stock Down 1.7%

Shares of TSE:LNF traded down C$0.50 during trading on Monday, hitting C$28.75. The stock 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 company has a market capitalization of C$1.98 billion, a PE ratio of 12.50 and a beta of 0.90. The firm’s fifty 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 released its quarterly earnings results on Thursday, November 5th. The company reported C$0.74 earnings per share for the quarter. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%. The company had revenue of C$672.79 million for the quarter. Analysts anticipate that Leon’s Furniture will post 2.21 EPS 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.