The stock of Leon’s Furniture Ltd. (TSE:LNF) hit a new 52-week high and has $22.85 target or 32.00% above today’s $17.31 share price. The 9 months bullish chart indicates low risk for the $1.26B company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $22.85 price target is reached, the company will be worth $403.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,291 shares traded hands or 115.79% up from the average. Leon’s Furniture Ltd. (TSE:LNF) has risen 16.45% since March 29, 2016 and is uptrending. It has outperformed by 13.92% the S&P500.
More notable recent Leon’s Furniture Ltd. (TSE:LNF) news were published by: Fool.ca which released: “Leon’s Furniture Ltd. Is an Outperformer You Can Count on” on July 10, 2015, also Globenewswire.com with their article: “Leon’s Furniture Limited Announces Election of Directors” published on May 19, 2016, Globenewswire.com published: “Leon’s Furniture Releases Financial Results for the Second Quarter Ended June …” on August 12, 2016. More interesting news about Leon’s Furniture Ltd. (TSE:LNF) were released by: Globenewswire.com and their article: “Leon’s Furniture Acquires Eight Prime Retail Locations” published on February 23, 2016 as well as Stockhouse.com‘s news article titled: “Leon’s Furniture Names President of its Brick Division” with publication date: October 31, 2016.
Leon’s Furniture Limited provides a network of home furniture, appliances and electronics, and mattress stores in Canada. The company has a market cap of $1.26 billion. The Company’s retail banners include Leon’s, The Brick, The Brick Mattress Store, The Brick Clearance Centre, United Furniture Warehouse , The Brick’s Midnorthern Appliance and Appliance Canada. It has a 19.96 P/E ratio. It is a commercial retailer of appliances to builders, developers, hotels and property management companies.
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