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

Aritzia (TSE:ATZ) had its target price hoisted by equities researchers at Truist Financial from C$102.00 to C$116.00 in a research report issued on Thursday,BayStreet.CA reports. Truist Financial’s price objective would indicate a potential upside of 18.40% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ATZ. Canaccord Genuity Group decreased their price target on Aritzia from C$95.00 to C$93.00 in a report on Friday, October 10th. Desjardins raised their price target on Aritzia from C$91.00 to C$95.00 in a report on Friday, October 10th. Jefferies Financial Group raised their price target on Aritzia from C$87.00 to C$92.00 in a report on Friday, October 10th. CIBC raised their price target on Aritzia from C$87.00 to C$94.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada raised their price target on Aritzia from C$85.00 to C$94.00 in a report on Sunday, July 13th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, Aritzia presently has an average rating of “Buy” and an average target price of C$96.09.

Aritzia Price Performance

Shares of Aritzia stock opened at C$97.97 on Thursday. Aritzia has a one year low of C$36.51 and a one year high of C$98.22. The stock’s fifty day moving average is C$86.66 and its 200 day moving average is C$73.45. The stock has a market cap of C$11.29 billion, a P/E ratio of 40.82, a P/E/G 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.

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.