CIBC Boosts Aritzia (TSE:ATZ) Price Target to C$66.00

Aritzia (TSE:ATZ) had its price target hoisted by research analysts at CIBC from C$57.00 to C$66.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 16.98% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group raised their price objective on Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research report on Sunday, January 12th. Raymond James raised shares of Aritzia from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from C$65.00 to C$55.00 in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of Aritzia from C$73.00 to C$66.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank of Canada decreased their price target on Aritzia from C$73.00 to C$65.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, BMO Capital Markets reduced their price objective on shares of Aritzia from C$80.00 to C$74.00 in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, Aritzia has an average rating of “Moderate Buy” and a consensus price target of C$64.20.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$56.42 on Friday. The stock has a market cap of C$6.73 billion, a price-to-earnings ratio of 49.57, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. Aritzia has a twelve month low of C$31.82 and a twelve month high of C$73.44. The company’s fifty day moving average is C$50.52 and its 200 day moving average is C$53.83.

About Aritzia

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.