Leon’s Furniture (LNF) Receives a Hold from BMO Capital

By Carrie Williams

Yesterday, an analyst has provided a rating update for Leon’s Furniture (LNFResearch Report). Analyst Stephen Macleod from BMO Capital reiterated a Hold rating, with a C$17 price target.

According to TipRanks.com, Macleod is ranked #611 out of 5220 analysts.

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Currently, the analyst consensus on Leon’s Furniture is a Hold with an average price target of C$17, implying a 13.6% upside from current levels. In a report issued on February 27, CIBC also reiterated a Hold rating on the stock with a C$17 price target.

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Leon’s Furniture’s market cap is currently C$1.14B and has a P/E ratio of 10.6. The company has a Price to Book ratio of 1.40.

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 Thursday at C$14.96, close to its 52-week low of C$14.21.