CIBC upgraded shares of Sleep Country Canada (TSE:ZZZ) from a neutral rating to an outperform rating in a report issued on Monday, BayStreet.CA reports. CIBC currently has C$24.00 price objective on the stock, up from their previous price objective of C$20.00.
ZZZ has been the topic of a number of other reports. Raymond James set a C$30.00 price objective on shares of Sleep Country Canada and gave the stock an outperform rating in a report on Wednesday, May 8th. National Bank Financial cut 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 report on Wednesday, May 1st. BMO Capital Markets cut their price objective on shares of Sleep Country Canada from C$25.00 to C$21.00 in a report on Wednesday, May 8th. Royal Bank of Canada lifted their price objective on shares of Sleep Country Canada from C$20.00 to C$22.00 and gave the stock a sector perform rating in a report on Monday. Finally, TD Securities cut 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 report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of C$25.06.
TSE ZZZ opened at C$20.40 on Monday. The company has a fifty day simple moving average of C$18.85 and a 200 day simple moving average of C$19.44. Sleep Country Canada has a 12-month low of C$16.01 and a 12-month high of C$33.20. The company has a current ratio of 1.03, a quick ratio of 0.29 and a debt-to-equity ratio of 167.76. The company has a market cap of $760.79 million and a P/E ratio of 13.42.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, August 19th. Sleep Country Canada’s dividend payout ratio is 49.34%.
Sleep Country Canada Company Profile
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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