Aritzia (TSE:ATZ) had its price objective boosted by equities researchers at Canaccord Genuity to C$50.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 6.27% from the company’s previous close.
Other research analysts have also issued research reports about the company. CIBC increased their price target on Aritzia from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 14th. Scotiabank set a C$41.00 target price on Aritzia and gave the stock an “outperform” rating in a research report on Wednesday, June 16th. TD Securities increased their target price on Aritzia from C$36.00 to C$44.00 and gave the stock a “buy” rating in a research report on Tuesday, July 6th. BMO Capital Markets reaffirmed a “buy” rating on shares of Aritzia in a research report on Tuesday, October 5th. Finally, Royal Bank of Canada lowered Aritzia from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$40.00 to C$43.00 in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$45.50.
Shares of Aritzia stock traded up C$6.51 during trading hours on Thursday, reaching C$47.05. 621,460 shares of the company’s stock were exchanged, compared to its average volume of 296,669. Aritzia has a 52-week low of C$18.99 and a 52-week high of C$47.98. The firm has a market capitalization of C$5.18 billion and a price-to-earnings ratio of 84.17. The company has a fifty day moving average of C$40.74 and a 200-day moving average of C$35.63. The company has a current ratio of 1.18, a quick ratio of 0.57 and a debt-to-equity ratio of 150.59.
In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 20th. The stock was sold at an average price of C$35.05, for a total value of C$700,948.00.
Aritzia Company Profile
Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers sweatshirts, leggings, blouses, pants, dresses, T-shirts, bodysuits, shorts, skirts, jackets and coats, sweaters, and denims; and accessories, including bralettes and sports bras, hats, bags and pouches, shoes and sneakers, socks and tights, belts, scarves, iPhone cases, and gloves and mittens.
Receive News & Ratings for Aritzia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aritzia and related companies with MarketBeat.com's FREE daily email newsletter.