Sleep Country Canada (TSE:ZZZ) Price Target Cut to C$34.00

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Sleep Country Canada (TSE:ZZZ) had its price target reduced by CIBC from C$37.00 to C$34.00 in a research note published on Wednesday, October 17th.

ZZZ has been the subject of a number of other reports. Royal Bank of Canada dropped their price objective on shares of Sleep Country Canada from C$46.00 to C$43.00 and set an outperform rating for the company in a report on Tuesday, August 7th. BMO Capital Markets decreased their target price on shares of 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. National Bank Financial decreased their target price on shares of Sleep Country Canada from C$37.00 to C$34.00 and set an outperform rating on the stock in a research report on Wednesday, October 17th. Finally, TD Securities decreased their target price on shares of 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$32.50.

Shares of TSE ZZZ traded down C$0.30 during mid-day trading on Wednesday, reaching C$22.39. 259,500 shares of the company were exchanged, compared to its average volume of 126,877. Sleep Country Canada has a 52 week low of C$19.85 and a 52 week high of C$37.24. The company has a quick ratio of 0.49, a current ratio of 1.29 and a debt-to-equity ratio of 40.45.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Investors 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 yield of 3.31%. The ex-dividend date is Friday, November 16th. Sleep Country Canada’s payout ratio is presently 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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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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