National Bank Financial Lowers Sleep Country Canada (ZZZ) Price Target to C$34.00

Sleep Country Canada (TSE:ZZZ) had its price target decreased by research analysts at National Bank Financial from C$37.00 to C$34.00 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 25.83% from the company’s current price. National Bank Financial also issued estimates for Sleep Country Canada’s Q3 2018 earnings at $0.69 EPS, FY2018 earnings at $1.80 EPS and Q3 2019 earnings at $0.74 EPS.

ZZZ has been the subject of a number of other research reports. Royal Bank of Canada cut their target price on shares of Sleep Country Canada from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. CIBC cut their target price on shares of Sleep Country Canada from C$40.00 to C$37.00 in a research note on Tuesday, August 7th. BMO Capital Markets cut their target price on shares of Sleep Country Canada from C$42.00 to C$39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Finally, TD Securities cut their target price on shares of Sleep Country Canada from C$40.00 to C$36.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$39.00.

Shares of ZZZ opened at C$27.02 on Wednesday. Sleep Country Canada has a 12 month low of C$26.76 and a 12 month high of C$39.22.

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

In other Sleep Country Canada news, insider Dave Howcroft sold 2,608 shares of Sleep Country Canada stock in a transaction on Friday, August 10th. The shares were sold at an average price of C$31.50, for a total transaction of C$82,152.00.

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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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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