TD Securities Raises Sleep Country Canada (TSE:ZZZ) Price Target to C$34.00

Sleep Country Canada (TSE:ZZZ) had its target price upped by equities researchers at TD Securities from C$31.00 to C$34.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 18.80% from the stock’s current price.

ZZZ has been the topic of several other research reports. National Bankshares boosted their price objective on shares of Sleep Country Canada from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. CIBC reduced their price objective on shares of Sleep Country Canada from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Royal Bank of Canada boosted their price objective on Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, BMO Capital Markets cut their target price on shares of Sleep Country Canada from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$32.43.

Sleep Country Canada Trading Down 1.9 %

TSE:ZZZ traded down C$0.56 during mid-day trading on Friday, hitting C$28.62. 95,986 shares of the company’s stock were exchanged, compared to its average volume of 67,944. Sleep Country Canada has a fifty-two week low of C$21.31 and a fifty-two week high of C$29.32. The company has a current ratio of 0.90, a quick ratio of 0.35 and a debt-to-equity ratio of 102.62. The firm has a market capitalization of C$991.40 million, a P/E ratio of 11.54, a PEG ratio of 0.39 and a beta of 1.59. The company has a 50 day simple moving average of C$26.65 and a 200-day simple moving average of C$24.63.

Insider Transactions at Sleep Country Canada

In related news, Senior Officer Dave Howcroft sold 19,583 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of C$25.59, for a total transaction of C$501,128.97. Corporate insiders own 1.68% of the company’s stock.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, blankets, mattress pads, and other sleep accessories.