Aritzia (TSE:ATZ) Given New C$40.00 Price Target at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its target price lifted by Canaccord Genuity Group from C$38.00 to C$40.00 in a research report sent to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also issued reports on ATZ. TD Securities dropped their price target on shares of Aritzia from C$45.00 to C$43.00 and set a buy rating for the company in a research report on Friday. Raymond James increased their target price on Aritzia from C$35.00 to C$46.00 and gave the stock an outperform rating in a report on Tuesday, March 19th. BMO Capital Markets boosted their price target on Aritzia from C$38.00 to C$41.00 and gave the company a market perform rating in a research note on Thursday, February 15th. UBS Group increased their price objective on Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. Finally, Stifel Nicolaus boosted their target price on shares of Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$41.60.

Aritzia Trading Up 6.1 %

Shares of Aritzia stock opened at C$38.02 on Friday. The company’s fifty day moving average price is C$35.55 and its two-hundred day moving average price is C$31.18. The firm has a market capitalization of C$3.42 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. Aritzia has a 52-week low of C$20.67 and a 52-week high of C$41.25. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.32 and a quick ratio of 0.19.

Insiders Place Their Bets

In other news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total value of C$63,409.92. Insiders own 0.55% of the company’s stock.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.