Leon’s Furniture (TSE:LNF) Given New C$36.00 Price Target at National Bank Financial

Leon’s Furniture (TSE:LNF) had its price objective lifted by equities research analysts at National Bank Financial from C$34.00 to C$36.00 in a research report issued on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s target price points to a potential upside of 25.22% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada lowered 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 report on Monday, August 10th. Stifel Nicolaus increased 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$32.00.

Leon’s Furniture Price Performance

Shares of TSE LNF traded down C$0.50 during trading hours on Monday, reaching C$28.75. 16,170 shares of the stock traded hands, compared to its average volume of 22,743. The company’s 50-day simple moving average is C$25.26 and its two-hundred day simple moving average is C$25.51. The company has a market capitalization of C$1.98 billion, a P/E ratio of 12.50 and a beta of 0.90. Leon’s Furniture has a 52-week low of C$23.24 and a 52-week high of C$29.86. 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 issued its earnings results on Thursday, November 5th. The company reported C$0.74 earnings per share (EPS) for the quarter. Leon’s Furniture had a return on equity of 12.76% and a net margin of 6.22%. The business had revenue of C$672.79 million during the quarter. Equities research analysts forecast that Leon’s Furniture will post 2.21 EPS for the current 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.