Sleep Country Canada (ZZZ) Stock Forecast & Price Target

C$35.02

+0.15 (+0.43%)

(As of 07/26/2024 ET)

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Sleep Country Canada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Sleep Country Canada in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 6 have given a hold rating, and 1 has given a buy rating for ZZZ.

Consensus Price Target

C$33.79
-3.52% Downside

High Forecast	C$35.00
Average Forecast	C$33.79
Low Forecast	C$28.00

According to the 8 analysts' twelve-month price targets for Sleep Country Canada, the average price target is C$33.79. The highest price target for ZZZ is C$35.00, while the lowest price target for ZZZ is C$28.00. The average price target represents a forecasted downside of -3.52% from the current price of C$35.02.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$33.79	C$30.79	C$32.43	C$29.67
Forecasted Upside	-3.52% Downside	10.53% Upside	12.95% Upside	23.50% Upside

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ZZZ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ZZZ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sleep Country Canada Stock vs. The Competition

Type	Sleep Country Canada	Consumer Cyclical Companies
Consensus Rating Score	2.00	2.50
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	BMO Capital Markets 3 of 5 stars	S. Macleod Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	C$32.00 ➝ C$35.00	+0.63%
7/23/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform	C$30.00 ➝ C$35.00	+0.63%
7/23/2024	National Bankshares 1 of 5 stars		Downgrade	Sector Perform ➝ Tender	C$35.00	+0.63%
7/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	C$31.00 ➝ C$35.00	+0.63%
7/23/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Morrison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Sell	C$33.00 ➝ C$35.00	+0.63%
7/22/2024	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Landry Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
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5/9/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$32.00 ➝ C$28.00	+6.50%
3/8/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$26.50 ➝ C$33.50	+16.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:44 AM ET.

ZZZ Forecast - Frequently Asked Questions

What is Sleep Country Canada's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Sleep Country Canada is C$33.79, with a high forecast of C$35.00 and a low forecast of C$28.00.
Should I buy or sell Sleep Country Canada stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sleep Country Canada in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ZZZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZZZ, but not buy additional shares or sell existing shares.
Does Sleep Country Canada's stock price have much upside?: According to analysts, Sleep Country Canada's stock has a predicted upside of 4.15% based on their 12-month stock forecasts.
Has Sleep Country Canada been downgraded by Wall Street analysts recently?: Over the previous 90 days, Sleep Country Canada's stock had 5 downgrades by analysts.
What analysts cover Sleep Country Canada?: Sleep Country Canada has been rated by research analysts at BMO Capital Markets, CIBC, National Bankshares, Royal Bank of Canada, Stifel Canada, Stifel Nicolaus, and TD Securities in the past 90 days.
Do Wall Street analysts like Sleep Country Canada more than its competitors?: Analysts like Sleep Country Canada less than other "consumer cyclical" companies. The consensus rating for Sleep Country Canada is Hold while the average consensus rating for "consumer cyclical" companies is Moderate Buy. Learn more on how ZZZ compares to other companies.