Sleep Country Canada (ZZZ) Price Target Cut to C$40.00

Sleep Country Canada (TSE:ZZZ) had its target price cut by analysts at CIBC from C$42.00 to C$40.00 in a research note issued on Friday. CIBC’s target price suggests a potential upside of 24.22% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets decreased their price objective on shares of Sleep Country Canada from C$44.00 to C$41.00 in a report on Friday, November 3rd. TD Securities reduced their price target on shares of Sleep Country Canada from C$44.00 to C$42.00 and set a “buy” rating for the company in a report on Friday, August 4th. Raymond James Financial downgraded shares of Sleep Country Canada from an “outperform” rating to a “market perform” rating and set a C$40.00 target price on the stock. in a research report on Thursday, October 26th. National Bank Financial lowered their price target on shares of Sleep Country Canada from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Finally, Scotiabank restated an “outperform” rating and set a C$44.00 price objective on shares of Sleep Country Canada in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of C$40.50.

Shares of Sleep Country Canada (TSE ZZZ) traded down C$0.43 during trading hours on Friday, hitting C$32.20. 90,451 shares of the company’s stock were exchanged, compared to its average volume of 76,024. Sleep Country Canada has a 1-year low of C$27.30 and a 1-year high of C$42.36.

In other news, Director Christine Magee sold 1,100 shares of Sleep Country Canada stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$32.02, for a total transaction of C$35,222.00. Insiders sold a total of 41,300 shares of company stock worth $1,336,862 over the last ninety days.

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About Sleep Country Canada

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.

Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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