Royal Bank Of Canada Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its target price hoisted by equities research analysts at Royal Bank Of Canada from C$85.00 to C$94.00 in a note issued to investors on Sunday,BayStreet.CA reports. Royal Bank Of Canada’s target price points to a potential upside of 28.63% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group lifted their price target on Aritzia from C$84.00 to C$95.00 and gave the stock a “buy” rating in a research report on Friday. Desjardins lifted their target price on shares of Aritzia from C$66.00 to C$84.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Raymond James Financial increased their price target on shares of Aritzia from C$78.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets lifted their price objective on shares of Aritzia from C$80.00 to C$84.00 in a research note on Thursday, July 10th. Finally, CIBC increased their target price on shares of Aritzia from C$79.00 to C$87.00 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, Aritzia currently has an average rating of “Moderate Buy” and a consensus price target of C$82.40.

Aritzia Trading Down 2.7%

Shares of Aritzia stock opened at C$73.08 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. The company has a fifty day simple moving average of C$67.28 and a 200-day simple moving average of C$61.01. The stock has a market cap of C$8.72 billion, a price-to-earnings ratio of 64.21, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$78.88.

Insider Buying and Selling at Aritzia

In other news, Director Jennifer Wong sold 15,000 shares of Aritzia stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. Also, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total transaction of C$2,037,600.00. Over the last three months, insiders sold 60,000 shares of company stock valued at $4,042,550. Corporate insiders own 0.94% of the company’s stock.

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.