Sleep Country Canada (TSE:ZZZ) PT Raised to C$22.00

Sleep Country Canada (TSE:ZZZ) had its price target lifted by Royal Bank of Canada from C$20.00 to C$22.00 in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

ZZZ has been the topic of several other reports. BMO Capital Markets dropped their price objective on shares of Sleep Country Canada from C$25.00 to C$21.00 in a research report on Wednesday, May 8th. Raymond James set a C$30.00 price objective on shares of Sleep Country Canada and gave the company an outperform rating in a research report on Wednesday, May 8th. CIBC dropped their price objective on shares of Sleep Country Canada from C$21.00 to C$20.00 in a research report on Wednesday, May 8th. National Bank Financial dropped their price objective on shares of Sleep Country Canada from C$24.00 to C$22.00 and set a sector perform rating on the stock in a research report on Wednesday, May 1st. Finally, TD Securities dropped their price objective on shares of Sleep Country Canada from C$23.00 to C$19.00 and set a hold rating on the stock in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of C$25.06.

Shares of ZZZ opened at C$20.40 on Monday. The firm has a market capitalization of $760.79 million and a PE ratio of 13.42. The company’s 50-day moving average is C$18.85 and its 200-day moving average is C$19.44. Sleep Country Canada has a fifty-two week low of C$16.01 and a fifty-two week high of C$33.20. The company has a debt-to-equity ratio of 167.76, a current ratio of 1.03 and a quick ratio of 0.29.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 29th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Monday, August 19th. Sleep Country Canada’s payout ratio is presently 49.34%.

About Sleep Country Canada

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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