Sleep Country Canada Holdings Inc (TSE:ZZZ) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$32.50.
A number of analysts have commented on the stock. TD Securities reduced their price objective on shares of Sleep Country Canada from C$32.00 to C$27.00 and set a “hold” rating for the company in a research note on Monday, November 5th. BMO Capital Markets reduced their price objective on shares of Sleep Country Canada from C$39.00 to C$30.00 in a research note on Monday, November 5th. Raymond James reduced their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. CIBC lowered shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$34.00 to C$25.00 in a research report on Monday, November 5th. Finally, National Bank Financial reduced their price target on shares of Sleep Country Canada from C$34.00 to C$27.00 and set a “sector perform” rating for the company in a research report on Friday, November 2nd.
ZZZ stock opened at C$22.39 on Friday. The company has a debt-to-equity ratio of 40.45, a current ratio of 1.29 and a quick ratio of 0.49. Sleep Country Canada has a one year low of C$19.85 and a one year high of C$37.24.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 29th will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, November 16th. Sleep Country Canada’s dividend payout ratio (DPR) is 43.94%.
About Sleep Country Canada
Sleep Country Canada Holdings Inc engages in retailing mattress and bedding related products. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, pillow protectors, and other sleep accessories. The company operates under the Dormez-vous and Sleep Country Canada retail banners.
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