Sleep Country Canada Holdings Inc (ZZZ) Receives C$29.44 Average Price Target from Brokerages

Shares of Sleep Country Canada Holdings Inc (TSE:ZZZ) have received a consensus rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$29.44.

Several equities research analysts have commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a C$30.00 price objective on shares of Sleep Country Canada in a report on Monday, December 3rd. Laurentian upped their price objective on shares of Sleep Country Canada from C$35.00 to C$36.00 in a report on Monday, December 3rd. Scotiabank raised shares of Sleep Country Canada to a “buy” rating and set a C$26.50 price target on the stock in a report on Friday, November 30th. Royal Bank of Canada lowered their price target on shares of Sleep Country Canada from C$39.00 to C$32.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Finally, Raymond James lowered their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 and set an “outperform” rating on the stock in a report on Monday, November 5th.

TSE ZZZ opened at C$22.25 on Wednesday. Sleep Country Canada has a 52 week low of C$19.85 and a 52 week high of C$37.24. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 35.64.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 29th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, November 16th. Sleep Country Canada’s payout ratio is 42.94%.

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.

Further Reading: How a Put Option Works

Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

Receive News & Ratings for Sleep Country Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Country Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit