Scotiabank Upgrades Sleep Country Canada (ZZZ) to “Buy”

Sleep Country Canada (TSE:ZZZ) was upgraded by stock analysts at Scotiabank to a “buy” rating in a research note issued on Friday. The firm currently has a C$26.50 price objective on the stock. Scotiabank’s target price points to a potential upside of 20.07% from the stock’s previous close.

ZZZ has been the subject of several other research reports. National Bank Financial cut their price target on Sleep Country Canada from C$34.00 to C$27.00 and set a “sector perform” rating for the company in a report on Friday, November 2nd. BMO Capital Markets dropped their target price on Sleep Country Canada from C$39.00 to C$30.00 in a report on Monday, November 5th. CIBC dropped their target price on Sleep Country Canada from C$37.00 to C$34.00 in a report on Wednesday, October 17th. TD Securities dropped their target price on Sleep Country Canada from C$36.00 to C$32.00 and set a “hold” rating for the company in a report on Friday, October 19th. Finally, Royal Bank of Canada dropped their target price on Sleep Country Canada from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$30.06.

Shares of Sleep Country Canada stock opened at C$22.07 on Friday. Sleep Country Canada has a 1 year low of C$19.85 and a 1 year high of C$37.24. The company has a debt-to-equity ratio of 35.64, a quick ratio of 0.66 and a current ratio of 1.40.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding related products. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, pillow protectors, and other sleep accessories. The company operates under the Dormez-vous and Sleep Country Canada retail banners.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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