Sleep Country Canada (TSE:ZZZ) PT Raised to C$40.00

Sleep Country Canada (TSE:ZZZ) had its price target raised by equities research analysts at BMO Capital Markets from C$39.00 to C$40.00 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 20.59% from the company’s current price.

Several other brokerages also recently issued reports on ZZZ. National Bankshares raised their price target on Sleep Country Canada from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Sleep Country Canada from C$29.00 to C$32.00 and gave the company a “sector perform” rating in a report on Wednesday. National Bank Financial boosted their price objective on Sleep Country Canada to C$38.00 and gave the company a “sector perform” rating in a research report on Wednesday. TD Securities lifted their target price on shares of Sleep Country Canada from C$37.00 to C$41.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Scotiabank lifted their price objective on Sleep Country Canada from C$38.00 to C$40.00 in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Sleep Country Canada currently has an average rating of “Hold” and an average price target of C$38.14.

Shares of TSE ZZZ traded down C$1.26 during mid-day trading on Wednesday, reaching C$33.17. The company had a trading volume of 62,872 shares, compared to its average volume of 104,760. The company has a 50-day moving average price of C$32.85 and a two-hundred day moving average price of C$28.05. The stock has a market cap of C$1.22 billion and a PE ratio of 19.46. The company has a current ratio of 0.69, a quick ratio of 0.27 and a debt-to-equity ratio of 106.33. Sleep Country Canada has a 1-year low of C$12.29 and a 1-year high of C$35.70.

Sleep Country Canada (TSE:ZZZ) last released its quarterly earnings data on Tuesday, March 2nd. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.49 by C$0.25. The firm had revenue of C$248.86 million during the quarter, compared to analyst estimates of C$206.20 million. On average, research analysts expect that Sleep Country Canada will post 2.2799998 EPS for the current year.

In other Sleep Country Canada news, Senior Officer Stewart Schaefer sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of C$31.50, for a total value of C$126,000.00. Following the completion of the sale, the insider now owns 220,295 shares in the company, valued at approximately C$6,939,292.50.

About Sleep Country Canada

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, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillow cases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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