CIBC Issues Pessimistic Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target lowered by analysts at CIBC from C$75.00 to C$57.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 35.46% from the company’s current price.

ATZ has been the subject of a number of other reports. Desjardins set a C$82.00 price target on Aritzia and gave the company a “buy” rating in a report on Wednesday, February 26th. BMO Capital Markets boosted their target price on shares of Aritzia from C$68.00 to C$80.00 in a research note on Friday, February 14th. Stifel Nicolaus set a C$73.00 price objective on shares of Aritzia and gave the company a “buy” rating in a report on Thursday, March 13th. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Finally, TD Securities dropped their target price on Aritzia from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$67.40.

Aritzia Stock Performance

TSE ATZ opened at C$42.08 on Thursday. The firm has a market capitalization of C$5.02 billion, a P/E ratio of 36.97, a PEG ratio of 1.19 and a beta of 1.83. The stock has a 50-day simple moving average of C$54.67 and a two-hundred day simple moving average of C$53.93. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$73.44.

Insider Buying and Selling

In related news, Senior Officer Philippa (Pippa) Morgan sold 3,023 shares of Aritzia stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$70.10, for a total transaction of C$211,912.30. Also, Senior Officer Margot Johnson sold 3,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of C$72.14, for a total value of C$252,490.00. 0.94% of the stock is currently owned by insiders.

Aritzia Company Profile

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.