Leon’s Furniture Receives a Hold from BMO Capital

By Jason Carr

On September 13, an analyst has provided a rating update for the Services sector company, Leon’s Furniture (TSX: LNF). BMO Capital’s analyst Stephen Macleod reiterates their Hold rating on the shares, with a C$19 price target.

According to TipRanks.com, Macleod is ranked #505 out of 4642 analysts.

Leon’s Furniture has an analyst consensus of Hold, with a price target consensus of C$19.

Based on Leon’s Furniture’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$538 million and quarterly net profit of C$18.86 million. In comparison, last year the company earned revenue of C$516 million and had a net profit of C$16.96 million.

Leon’s Furniture Ltd. engages in owning and operating furniture and electronics stores. It offers furniture for bedrooms, living rooms, and dining rooms, mattresses, occasional furniture, and accessories. The company was founded by Ablan Leon in 1909 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$18.24.