Sleep Country Canada (TSE:ZZZ) had its target price raised by National Bank Financial from C$39.00 to C$40.00 in a research note issued to investors on Tuesday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Sleep Country Canada’s Q4 2017 earnings at $0.33 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.77 EPS.
Several other brokerages have also recently weighed in on ZZZ. TD Securities cut Sleep Country Canada from a buy rating to a hold rating and reduced their price objective for the stock from C$45.00 to C$41.00 in a research note on Thursday, November 2nd. Raymond James Financial reduced their price objective on Sleep Country Canada from C$40.00 to C$38.00 and set a market perform rating on the stock in a research note on Friday, November 3rd. Laurentian set a C$40.00 price objective on Sleep Country Canada and gave the stock a buy rating in a research note on Wednesday, February 7th. CIBC reduced their price objective on Sleep Country Canada from C$44.00 to C$42.00 in a research note on Thursday, November 2nd. Finally, BMO Capital Markets reduced their price objective on Sleep Country Canada from C$44.00 to C$41.00 in a research note on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sleep Country Canada has an average rating of Buy and a consensus price target of C$40.57.
Shares of Sleep Country Canada (ZZZ) opened at C$31.34 on Tuesday. Sleep Country Canada has a twelve month low of C$29.74 and a twelve month high of C$42.36. The stock has a market capitalization of $1,160.00 and a PE ratio of 21.32.
In related news, insider Sieg Will acquired 2,600 shares of Sleep Country Canada stock in a transaction on Friday, December 15th. The shares were bought at an average cost of C$33.90 per share, with a total value of C$88,140.00.
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About Sleep Country Canada
Sleep Country Canada Holdings Inc operates as a specialty mattress retailer in Canada. The company offers a range of mattresses; and sleep related products and accessories, such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards. As of November 24, 2017, it operated 247 stores and 16 distribution centers.
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