Sleep Country Canada (TSE:ZZZ) had its price target lowered by stock analysts at CIBC from C$42.00 to C$40.00 in a note issued to investors on Friday, StockTargetPrices.com reports. CIBC’s price objective suggests a potential upside of 22.59% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. TD Securities lowered shares of Sleep Country Canada from a “buy” rating to a “hold” rating and cut their price target for the stock from C$45.00 to C$41.00 in a report on Thursday, November 2nd. Raymond James Financial dropped their target price on shares of Sleep Country Canada from C$40.00 to C$38.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. National Bank Financial decreased their target price on shares of Sleep Country Canada from C$40.00 to C$39.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Scotiabank reaffirmed an “outperform” rating and issued a C$44.00 target price on shares of Sleep Country Canada in a research report on Tuesday, October 24th. Finally, BMO Capital Markets decreased their target price on shares of Sleep Country Canada from C$44.00 to C$41.00 in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sleep Country Canada presently has an average rating of “Buy” and an average price target of C$40.50.
Sleep Country Canada (ZZZ) traded up C$0.12 during trading hours on Friday, hitting C$32.63. 168,255 shares of the stock traded hands, compared to its average volume of 76,024. Sleep Country Canada has a 52-week low of C$27.30 and a 52-week high of C$42.36.
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Sleep Country Canada Company Profile
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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