Sleep Country Canada Holdings Inc (ZZZ) Stock Price Up 4.2% Following Analyst Upgrade

Sleep Country Canada Holdings Inc (TSE:ZZZ) rose 4.2% during trading on Wednesday after TD Securities raised their price target on the stock from C$42.00 to C$45.00. TD Securities currently has a buy rating on the stock. Sleep Country Canada Holdings traded as high as C$39.76 and last traded at C$39.59. Approximately 160,947 shares changed hands during trading, an increase of 92% from the average daily volume of 83,776 shares. The stock had previously closed at C$37.98.

Other equities research analysts have also issued research reports about the stock. National Bank Financial dropped their price objective on shares of Sleep Country Canada Holdings from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Scotiabank reissued an “outperform” rating and set a C$44.00 price objective on shares of Sleep Country Canada Holdings in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$42.17.

In other Sleep Country Canada Holdings news, insider Dave Howcroft acquired 2,900 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of C$33.45 per share, with a total value of C$97,005.00.

The stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of 27.59. The stock has a 50-day moving average of $35.33 and a 200 day moving average of $35.33.

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About Sleep Country Canada Holdings

Sleep Country Canada Holdings Inc operates as a specialty mattress retailer in Canada. The company offers a range of mattresses; and sleep related products and accessories, such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards. As of September 6, 2017, it operated 244 corporate-owned stores, including 191 Sleep Country stores across Canada and 53 Dormez-vous stores in Quebec.

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