Aritzia (TSE:ATZ) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Aritzia (TSE:ATZ) had its target price boosted by stock analysts at Canaccord Genuity Group from C$166.00 to C$182.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 23.91% from the company’s current price.

Several other research firms have also weighed in on ATZ. TD boosted their target price on shares of Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada increased their price objective on shares of Aritzia from C$150.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce boosted their target price on Aritzia from C$148.00 to C$155.00 and gave the company an “outperformer” rating in a research report on Monday. Stifel Nicolaus raised their price target on Aritzia from C$158.00 to C$180.00 in a research report on Friday. Finally, National Bank Financial set a C$143.00 price objective on shares of Aritzia and gave the company an “outperform” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Aritzia presently has a consensus rating of “Buy” and an average target price of C$163.92.

Aritzia Price Performance

ATZ traded up C$4.88 on Friday, reaching C$146.88. 805,289 shares of the company’s stock were exchanged, compared to its average volume of 694,543. Aritzia has a twelve month low of C$57.98 and a twelve month high of C$156.00. The stock has a market cap of C$17.01 billion, a PE ratio of 50.13, a P/E/G ratio of 1.19 and a beta of 2.11. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19. The stock’s fifty day moving average price is C$123.48 and its 200-day moving average price is C$116.01.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.