Analysts Set Sleep Country Canada Holdings Inc (ZZZ) PT at $29.44

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

A number of brokerages have recently issued reports on ZZZ. National Bank Financial dropped their price target on shares of Sleep Country Canada from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 17th. CIBC dropped their price target on shares of Sleep Country Canada from C$37.00 to C$34.00 in a research report on Wednesday, October 17th. TD Securities dropped their price target on shares of Sleep Country Canada from C$36.00 to C$32.00 and set a “hold” rating on the stock in a research report on Friday, October 19th. Royal Bank of Canada dropped their price target on shares of Sleep Country Canada from C$43.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Finally, Raymond James dropped their price target on shares of Sleep Country Canada from C$39.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th.

Shares of 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 quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 35.64.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 29th were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.33%. Sleep Country Canada’s payout ratio is presently 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.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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