Sleep Country Canada (TSE:ZZZ) Raised to Outperform at CIBC

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CIBC upgraded shares of Sleep Country Canada (TSE:ZZZ) from a neutral rating to an outperform rating in a research note published on Monday morning, BayStreet.CA reports. The firm currently has C$24.00 target price on the stock, up from their previous target price of C$20.00.

Several other analysts also recently commented on ZZZ. National Bank Financial lowered their target price on shares of Sleep Country Canada from C$24.00 to C$22.00 and set a sector perform rating for the company in a report on Wednesday, May 1st. BMO Capital Markets lowered their target price on shares of Sleep Country Canada from C$25.00 to C$21.00 in a report on Wednesday, May 8th. Royal Bank of Canada increased their target price on shares of Sleep Country Canada from C$20.00 to C$22.00 and gave the company a sector perform rating in a report on Monday. Raymond James set a C$30.00 target price on shares of Sleep Country Canada and gave the company an outperform rating in a report on Wednesday, May 8th. Finally, TD Securities decreased their price objective on shares of Sleep Country Canada from C$23.00 to C$19.00 and set a hold rating for the company in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of C$25.06.

Shares of ZZZ stock opened at C$20.62 on Monday. The firm has a 50-day moving average price of C$18.83. The stock has a market capitalization of $742.57 million and a P/E ratio of 13.57. The company has a debt-to-equity ratio of 167.76, a quick ratio of 0.29 and a current ratio of 1.03. Sleep Country Canada has a one year low of C$16.01 and a one year high of C$33.20.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 29th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.78 dividend on an annualized basis and a yield of 3.78%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 49.34%.

Sleep Country Canada Company Profile

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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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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