What’s Propelling Leon’s Furniture Ltd. to Increase So Much?

 What's Propelling Leon's Furniture Ltd. to Increase So Much?

The stock of Leon’s Furniture Ltd. (TSE:LNF) is a huge mover today! 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.
The move comes after 6 months positive chart setup for the $1.26B company. It was reported on Nov, 2 by Barchart.com. We have $22.33 PT which if reached, will make TSE:LNF worth $365.40M more.

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 Acquires Eight Prime Retail Locations” on February 23, 2016. More interesting news about Leon’s Furniture Ltd. (TSE:LNF) were released by: Stockhouse.com and their article: “Leon’s Furniture Names President of its Brick Division” published on October 31, 2016 as well as Globenewswire.com‘s news article titled: “Leon’s Furniture Releases Financial Results for the First Quarter Ended March …” with publication date: May 12, 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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