Sleep Country Canada (ZZZ) PT Set at C$40.00 by Laurentian

Sleep Country Canada (TSE:ZZZ) has been assigned a C$40.00 target price by research analysts at Laurentian in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Laurentian’s price objective indicates a potential upside of 21.84% from the company’s current price.

Several other research firms have also issued reports on ZZZ. Raymond James Financial lowered shares of Sleep Country Canada from an “outperform” rating to a “market perform” rating and set a C$40.00 price target for the company. in a report on Thursday, October 26th. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 price objective on shares of Sleep Country Canada in a research report on Tuesday, October 24th. CIBC reduced their price objective on shares of Sleep Country Canada from C$44.00 to C$42.00 in a research report on Thursday, November 2nd. TD Securities downgraded shares of 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 report on Thursday, November 2nd. Finally, National Bank Financial reduced their price objective on shares of Sleep Country Canada from C$40.00 to C$39.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$40.43.

Sleep Country Canada (ZZZ) traded up C$1.42 during trading on Wednesday, reaching C$32.83. 146,018 shares of the company’s stock traded hands, compared to its average volume of 107,437. Sleep Country Canada has a 52-week low of C$28.19 and a 52-week high of C$42.36. The company has a market cap of $1,210.00 and a price-to-earnings ratio of 22.40.

In other news, Director Christine Magee sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$32.02, for a total transaction of C$35,222.00. Also, insider Sieg Will purchased 2,600 shares of Sleep Country Canada stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of C$33.90 per share, with a total value of C$88,140.00. In the last ninety days, insiders have bought 2,770 shares of company stock valued at $93,869.

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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.

Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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