TD Securities Trims Aritzia (TSE:ATZ) Target Price to C$62.00

Aritzia (TSE:ATZGet Rating) had its price objective cut by TD Securities from C$64.00 to C$62.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on the company. Royal Bank of Canada boosted their price objective on Aritzia from C$52.00 to C$60.00 and gave the company a sector perform rating in a research report on Thursday, January 13th. Canaccord Genuity Group boosted their price objective on Aritzia from C$57.00 to C$70.00 in a research report on Thursday, January 13th. Scotiabank boosted their price objective on Aritzia from C$65.00 to C$66.00 in a research report on Monday, May 2nd. BMO Capital Markets reduced their target price on Aritzia from C$70.00 to C$61.00 in a report on Friday. Finally, CIBC reduced their target price on Aritzia from C$64.00 to C$54.00 and set an outperform rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and an average target price of C$60.43.

Shares of Aritzia stock opened at C$39.80 on Friday. The stock’s 50-day simple moving average is C$46.30 and its 200-day simple moving average is C$50.28. Aritzia has a 52 week low of C$28.70 and a 52 week high of C$60.64. The company has a market capitalization of C$4.41 billion and a price-to-earnings ratio of 33.17. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 103.69.

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of C$57.83, for a total transaction of C$867,403.50.

Aritzia Company Profile (Get Rating)

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases.

Recommended Stories

Analyst Recommendations for Aritzia (TSE:ATZ)

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.