Sleep Country Canada (TSE:ZZZ) Price Target Raised to C$22.00 at Royal Bank of Canada

Sleep Country Canada (TSE:ZZZ) had its price objective lifted by Royal Bank of Canada from C$20.00 to C$22.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 6.85% from the stock’s previous close.

A number of other equities analysts have also commented on ZZZ. TD Securities cut their price target on Sleep Country Canada from C$23.00 to C$19.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. CIBC cut their price target on Sleep Country Canada from C$21.00 to C$20.00 in a report on Wednesday, May 8th. BMO Capital Markets cut their price target on Sleep Country Canada from C$25.00 to C$21.00 in a report on Wednesday, May 8th. National Bank Financial dropped their price objective on 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. Finally, Raymond James set a C$30.00 price objective on Sleep Country Canada and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sleep Country Canada currently has a consensus rating of “Buy” and an average price target of C$25.06.

Shares of Sleep Country Canada stock traded up C$0.60 during trading hours on Monday, reaching C$20.59. The company had a trading volume of 189,543 shares, compared to its average volume of 107,296. Sleep Country Canada has a one year low of C$16.01 and a one year high of C$33.20. The business has a fifty day moving average price of C$18.67. The company has a debt-to-equity ratio of 167.76, a quick ratio of 0.29 and a current ratio of 1.03. The company has a market cap of $742.57 million and a price-to-earnings ratio of 13.55.

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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