Canaccord Genuity Group Increases Aritzia (TSE:ATZ) Price Target to C$40.00

Aritzia (TSE:ATZ) had its price objective upped by stock analysts at Canaccord Genuity Group from C$38.00 to C$40.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 11.67% from the company’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus increased their price target on shares of Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. UBS Group lifted their target price on Aritzia from C$39.00 to C$50.00 in a research report on Thursday, February 8th. Raymond James upped their target price on Aritzia from C$35.00 to C$46.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. CIBC lifted their price target on Aritzia from C$37.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, TD Securities decreased their price objective on Aritzia from C$45.00 to C$43.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$41.60.

Aritzia Trading Down 0.9 %

ATZ opened at C$35.82 on Friday. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.19 and a current ratio of 1.32. Aritzia has a one year low of C$20.67 and a one year high of C$41.25. The company has a market cap of C$3.22 billion, a P/E ratio of 44.22, a PEG ratio of 1.19 and a beta of 1.85. The business’s 50-day simple moving average is C$35.50 and its 200-day simple moving average is C$31.03.

Insiders Place Their Bets

In other news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of Aritzia stock in a transaction dated Friday, February 9th. The shares were sold at an average price of C$40.44, for a total value of C$63,409.92. 0.55% of the stock is owned by insiders.

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.