CIBC Cuts Sleep Country Canada (ZZZ) Price Target to C$40.00

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.

In other Sleep Country Canada news, Director Christine Magee sold 39,900 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$32.38, for a total value of C$1,291,962.00. Over the last ninety days, insiders have sold 41,300 shares of company stock valued at $1,336,862.

TRADEMARK VIOLATION WARNING: “CIBC Cuts Sleep Country Canada (ZZZ) Price Target to C$40.00” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/01/cibc-cuts-sleep-country-canada-zzz-price-target-to-c40-00.html.

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.

Stock Target Prices

Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

Receive News & Ratings for Sleep Country Canada Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Country Canada Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply