Sleep Country Canada Holdings Inc (TSE:ZZZ) has received an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$27.44.
Several analysts have recently commented on ZZZ shares. Royal Bank of Canada lowered their target price on shares of Sleep Country Canada from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Wednesday, January 23rd. National Bank Financial lowered their target price on shares of Sleep Country Canada from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a report on Friday, February 22nd. Raymond James reiterated an “outperform” rating and issued a C$32.00 target price on shares of Sleep Country Canada in a report on Tuesday, February 26th. CIBC lowered their target price on shares of Sleep Country Canada from C$25.00 to C$21.00 and set a “hold” rating for the company in a report on Thursday, February 28th. Finally, TD Securities lowered their target price on shares of Sleep Country Canada from C$27.00 to C$23.00 and set a “hold” rating for the company in a report on Thursday, February 28th.
ZZZ traded up C$0.13 during trading on Tuesday, hitting C$19.05. 58,057 shares of the company’s stock were exchanged, compared to its average volume of 119,239. The company has a current ratio of 1.39, a quick ratio of 0.58 and a debt-to-equity ratio of 56.21. Sleep Country Canada has a fifty-two week low of C$18.65 and a fifty-two week high of C$36.56. The company has a market cap of $701.16 million and a price-to-earnings ratio of 11.98.
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, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.
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