Sleep Country Canada Holdings Inc (ZZZ) PT Lowered to C$42.00
Sleep Country Canada Holdings Inc (TSE:ZZZ) had its target price cut by equities research analysts at CIBC from C$44.00 to C$42.00 in a note issued to investors on Thursday. CIBC’s price objective suggests a potential upside of 24.19% from the company’s current price.
Several other research analysts also recently weighed in on ZZZ. Raymond James Financial, Inc. downgraded Sleep Country Canada Holdings from an “outperform” rating to a “market perform” rating and set a C$40.00 target price for the company. in a research note on Thursday, October 26th. TD Securities downgraded Sleep Country Canada Holdings from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$45.00 to C$41.00 in a research note on Thursday. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 target price on shares of Sleep Country Canada Holdings in a research note on Tuesday, October 24th. Finally, National Bank Financial reduced their target price on Sleep Country Canada Holdings from C$45.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Sleep Country Canada Holdings currently has a consensus rating of “Buy” and an average price target of C$40.83.
Shares of Sleep Country Canada Holdings (TSE ZZZ) opened at C$33.82 on Thursday.
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In other news, insider Dave Howcroft acquired 2,900 shares of Sleep Country Canada Holdings stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of C$33.45 per share, with a total value of C$97,005.00.
About Sleep Country Canada Holdings
Sleep Country Canada Holdings Inc operates as a specialty mattress retailer in Canada. The company offers a range of mattresses; and sleep related products and accessories, such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards. As of September 6, 2017, it operated 244 corporate-owned stores, including 191 Sleep Country stores across Canada and 53 Dormez-vous stores in Quebec.
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