Sleep Country Canada Holdings Inc (ZZZ) PT Lowered to C$41.00 at BMO Capital Markets
Sleep Country Canada Holdings Inc (TSE:ZZZ) had its price objective cut by research analysts at BMO Capital Markets from C$44.00 to C$41.00 in a research note issued to investors on Friday. BMO Capital Markets’ target price indicates a potential upside of 20.87% from the stock’s current price.
A number of other research firms have also recently commented on ZZZ. TD Securities cut shares of Sleep Country Canada Holdings from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$45.00 to C$41.00 in a report on Thursday. Scotiabank reissued an “outperform” rating and issued a C$44.00 target price on shares of Sleep Country Canada Holdings in a report on Monday, July 24th. National Bank Financial dropped their target price on shares of Sleep Country Canada Holdings from C$45.00 to C$40.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Raymond James Financial, Inc. cut shares of Sleep Country Canada Holdings from an “outperform” rating to a “market perform” rating and set a C$40.00 target price for the company. in a report on Thursday, October 26th. Finally, CIBC dropped their target price on shares of Sleep Country Canada Holdings from C$44.00 to C$42.00 in a report on Thursday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Sleep Country Canada Holdings presently has an average rating of “Buy” and an average price target of C$40.83.
Sleep Country Canada Holdings (ZZZ) traded down C$4.68 on Friday, reaching C$33.92. 211,468 shares of the company traded hands.
In other news, insider Dave Howcroft bought 2,900 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of C$33.45 per share, with a total value of C$97,005.00.
About Sleep Country Canada Holdings
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 September 6, 2017, it operated 244 corporate-owned stores, including 191 Sleep Country stores across Canada and 53 Dormez-vous stores in Quebec.
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