UBS Group Increases Aritzia (TSE:ATZ) Price Target to C$66.00

Aritzia (TSE:ATZ) had its price objective raised by stock analysts at UBS Group from C$61.00 to C$66.00 in a research note issued to investors on Friday,BayStreet.CA reports. UBS Group’s target price suggests a potential upside of 16.98% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Aritzia from C$73.00 to C$65.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Desjardins set a C$82.00 price objective on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. Raymond James upgraded shares of Aritzia from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from C$65.00 to C$55.00 in a research report on Tuesday, April 22nd. BMO Capital Markets reduced their price target on Aritzia from C$80.00 to C$74.00 in a research note on Thursday, April 17th. Finally, TD Securities lowered their price objective on Aritzia from C$74.00 to C$66.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$64.20.

Aritzia Stock Performance

Aritzia stock opened at C$56.42 on Friday. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$73.44. The company has a market capitalization of C$6.73 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 1.19 and a beta of 1.83. The stock has a fifty day moving average of C$50.52 and a two-hundred day moving average of C$53.83. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

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.