Sleep Country Canada Hldg (ZZZ) Gets a Buy Rating from BMO Capital

By Jason Carr

A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Analyst Stephen Macleod from BMO Capital rated Sleep Country Canada Hldg (ZZZResearch Report) a Buy, setting a C$30 price target.

Macleod has an average return of 20.4% when recommending Sleep Country Canada Hldg.

According to TipRanks.com, Macleod is ranked #333 out of 4900 analysts.

Currently, the analyst consensus on Sleep Country Canada Hldg is a Moderate Buy with an average price target of C$31.38, representing a 34.8% upside. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$32 price target.

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Based on Sleep Country Canada Hldg’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$23.73 million. In comparison, last year the company had a net profit of C$22.81 million.

Sleep Country Canada Holdings, Inc. engages in the retail of mattress. It operates through Sleep Country Canada, and Dormez-vous banners. Its products inlude mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, and pillow protectors.

The company’s shares closed on Monday at C$23.28.