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

Aritzia (TSE:ATZ) had its price target decreased by research analysts at Desjardins from C$82.00 to C$66.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 16.98% from the company’s previous close.

A number of other analysts have also issued reports on ATZ. Royal Bank of Canada lowered their price target on Aritzia from C$73.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. BMO Capital Markets reduced their target price on shares of Aritzia from C$74.00 to C$67.00 and set an “outperform” rating for the company in a research report on Friday. TD Securities boosted their price target on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity Group cut their price objective on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating for the company in a report on Friday. Finally, UBS Group raised their target price on Aritzia from C$61.00 to C$66.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and a consensus price target of C$64.20.

Aritzia Stock Up 13.8 %

Shares of TSE ATZ opened at C$56.42 on Friday. The firm has a market cap of C$6.73 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company’s 50-day simple moving average is C$50.52 and its 200-day simple moving average is C$53.83. 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 52-week low of C$31.82 and a 52-week high of C$73.44.

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.