Shares of Sleep Country Canada Holdings Inc (TSE:ZZZ) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$25.06.

Several equities research analysts recently issued reports on ZZZ shares. CIBC raised shares of Sleep Country Canada from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$20.00 to C$24.00 in a research note on Monday, August 12th. National Bank Financial reduced their price objective on shares of Sleep Country Canada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 1st. Royal Bank of Canada lifted their price objective on shares of Sleep Country Canada from C$20.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th. Raymond James set a C$30.00 price objective on shares of Sleep Country Canada and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, BMO Capital Markets dropped their target price on shares of Sleep Country Canada from C$25.00 to C$21.00 in a report on Wednesday, May 8th.

Shares of ZZZ stock traded up C$0.64 on Monday, hitting C$21.31. The company’s stock had a trading volume of 78,604 shares, compared to its average volume of 106,715. The company has a debt-to-equity ratio of 165.52, a current ratio of 1.05 and a quick ratio of 0.31. Sleep Country Canada has a fifty-two week low of C$16.01 and a fifty-two week high of C$33.20. The firm’s fifty day moving average price is C$19.00 and its 200-day moving average price is C$19.46. The stock has a market capitalization of $767.85 million and a price-to-earnings ratio of 14.02.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 29th will be issued a $0.195 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.78 annualized dividend and a yield of 3.66%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 49.34%.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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