Sleep Country Canada (ZZZ) Price Target Cut to C$39.00 by Analysts at Royal Bank of Canada

Sleep Country Canada (TSE:ZZZ) had its price objective trimmed by Royal Bank of Canada from C$43.00 to C$39.00 in a research report released on Monday morning. The firm currently has an outperform rating on the stock.

Several other brokerages have also weighed in on ZZZ. CIBC cut their price objective on Sleep Country Canada from C$40.00 to C$37.00 in a report on Tuesday, August 7th. National Bank Financial cut their price objective on Sleep Country Canada from C$39.00 to C$37.00 and set an outperform rating for the company in a report on Monday, July 30th. Raymond James cut their target price on Sleep Country Canada from C$39.00 to C$35.00 and set an outperform rating on the stock in a research report on Monday. TD Securities cut their target price on Sleep Country Canada from C$40.00 to C$36.00 and set a hold rating on the stock in a research report on Tuesday, August 7th. Finally, BMO Capital Markets cut their target price on Sleep Country Canada from C$42.00 to C$39.00 and set an outperform rating on the stock in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Sleep Country Canada presently has a consensus rating of Buy and a consensus target price of C$37.50.

Shares of Sleep Country Canada stock opened at C$26.56 on Monday. Sleep Country Canada has a fifty-two week low of C$26.21 and a fifty-two week high of C$39.18.



Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data on Thursday, August 2nd. The company reported C$0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.03. The business had revenue of C$143.69 million during the quarter, compared to analyst estimates of C$144.39 million. Sleep Country Canada had a return on equity of 32.40% and a net margin of 12.88%.

In other news, insider Dave Howcroft sold 2,608 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of C$31.50, for a total transaction of C$82,152.00.

Sleep Country Canada Company Profile

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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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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