Truist Financial Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its price objective upped by research analysts at Truist Financial from C$95.00 to C$102.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Truist Financial’s price target would suggest a potential upside of 18.60% from the company’s current price.

Several other equities research analysts have also recently issued reports on ATZ. Royal Bank Of Canada raised their price objective on Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. TD Securities raised their price objective on Aritzia from C$81.00 to C$93.00 and gave the stock a “buy” rating in a report on Friday, July 11th. CIBC raised their price objective on Aritzia from C$87.00 to C$94.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. BMO Capital Markets raised their price objective on Aritzia from C$92.00 to C$100.00 in a report on Tuesday, September 23rd. Finally, Canaccord Genuity Group raised their price objective on Aritzia from C$84.00 to C$95.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Aritzia presently has a consensus rating of “Buy” and an average price target of C$93.91.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$86.00 on Friday. The business’s fifty day moving average price is C$81.35 and its two-hundred day moving average price is C$68.50. The stock has a market cap of C$9.91 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 1.19 and a beta of 1.89. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a one year low of C$36.51 and a one year high of C$91.25.

Insider Transactions at Aritzia

In related news, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total value of C$1,048,125.00. Also, Senior Officer Philippa (Pippa) Morgan sold 2,231 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of C$72.18, for a total value of C$161,033.58. Over the last quarter, insiders sold 94,200 shares of company stock valued at $7,000,627. 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.