Sleep Country Canada (OTCMKTS:SCCAF) had its price objective lifted by equities research analysts at BMO Capital Markets from $30.00 to $36.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 67.36% from the company’s previous close.
Several other equities research analysts also recently commented on the stock. CIBC upped their target price on shares of Sleep Country Canada from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday. Stifel Nicolaus upped their price objective on shares of Sleep Country Canada from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. National Bank Financial reaffirmed a “sector perform” rating on shares of Sleep Country Canada in a research note on Thursday. Royal Bank of Canada increased their price target on Sleep Country Canada from $24.00 to $29.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Scotiabank increased their target price on Sleep Country Canada from $32.50 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Sleep Country Canada currently has an average rating of “Buy” and a consensus price target of $34.50.
Shares of SCCAF stock opened at $21.51 on Thursday. The stock has a 50-day moving average of $17.11 and a 200-day moving average of $15.59. Sleep Country Canada has a one year low of $21.37 and a one year high of $21.54.
Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, metal frames, mattress pads, and other sleep accessories.
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