Sleep Country Canada Holdings Inc (TSE:ZZZ) Receives C$24.31 Consensus Target Price from Analysts
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.
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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