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

Aritzia (TSE:ATZ) had its price objective reduced by research analysts at Stifel Nicolaus from C$73.00 to C$66.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 16.98% from the stock’s current price.

A number of other research analysts have also commented on ATZ. TD Securities lowered their price objective on Aritzia from C$74.00 to C$66.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets lowered their price target on Aritzia from C$80.00 to C$74.00 in a report on Thursday, April 17th. Raymond James upgraded shares of Aritzia from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from C$65.00 to C$55.00 in a research note on Tuesday, April 22nd. Desjardins set a C$82.00 target price on shares of Aritzia and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, CIBC dropped their target price on shares of Aritzia from C$75.00 to C$57.00 in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$64.20.

Aritzia Stock Up 13.8 %

Shares of Aritzia stock 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 P/E/G ratio of 1.19 and a beta of 1.83. The stock has a 50-day simple moving average of C$50.52 and a 200-day simple moving average of C$53.83. Aritzia has a 52-week low of C$31.82 and a 52-week high of C$73.44. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19.

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.