Sleep Country Canada (TSE:ZZZ) Price Target Cut to C$27.00 by Analysts at CIBC

Sleep Country Canada (TSE:ZZZ) had its price target lowered by CIBC from C$28.00 to C$27.00 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets cut their price objective on Sleep Country Canada from C$34.00 to C$32.00 in a research report on Monday, August 14th. National Bankshares reduced their target price on Sleep Country Canada from C$29.00 to C$27.00 and set a sector perform rating for the company in a report on Thursday, October 5th. TD Securities reduced their target price on Sleep Country Canada from C$32.00 to C$29.00 and set a buy rating for the company in a report on Wednesday, October 4th. Stifel Nicolaus reduced their target price on Sleep Country Canada from C$30.00 to C$28.00 in a report on Monday, August 14th. Finally, Royal Bank of Canada increased their target price on Sleep Country Canada from C$26.00 to C$27.00 and gave the company a sector perform rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$27.67.

Sleep Country Canada Price Performance

Shares of TSE:ZZZ opened at C$23.91 on Monday. Sleep Country Canada has a one year low of C$20.84 and a one year high of C$29.29. The stock has a fifty day moving average of C$22.72 and a 200-day moving average of C$25.07. The company has a market capitalization of C$831.83 million, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52. The company has a debt-to-equity ratio of 113.66, a quick ratio of 0.35 and a current ratio of 1.00.

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.