In a new note to investors today, an analyst has provided a rating update for the Services sector company, Sleep Country Canada Hldg (ZZZ). Raymond James’ analyst Kenric Tyghe reiterates their Buy rating on the shares, with a C$30 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 5.1% and a 60.6% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
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Sleep Country Canada Hldg has an analyst consensus of Moderate Buy, with a price target consensus of C$24, which is a 28.3% upside from current levels. In a report issued on April 26, RBC Capital also maintained a Buy rating on the stock with a C$23 price target.
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Sleep Country Canada Hldg’s market cap is currently C$674.9M and has a P/E ratio of 11.3. The company has a Price to Book ratio of 2.22.
Sleep Country Canada Holdings, Inc. engages in the retail of mattress. It operates through the Sleep Country Canada and Dormez-vous. Its products include mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, and pillow protectors.
The company’s shares closed on Wednesday at C$18.70, close to its 52-week low of C$16.01.
