Aritzia (OTCMKTS:ATZAF) Price Target Raised to C$53.00 at TD Securities

Aritzia (OTCMKTS:ATZAF) had its target price increased by research analysts at TD Securities from C$44.00 to C$53.00 in a report issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada downgraded shares of Aritzia from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$43.00 to C$44.00 in a research report on Tuesday. Scotiabank upped their price objective on shares of Aritzia from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a report on Monday, September 20th. Canaccord Genuity increased their price target on shares of Aritzia from C$43.00 to C$50.00 and gave the company a “buy” rating in a report on Thursday. They noted that the move was a valuation call. BMO Capital Markets increased their price target on shares of Aritzia from C$40.00 to C$43.00 and gave the company an “outperform” rating in a report on Wednesday, July 14th. Finally, Robert W. Baird increased their price objective on shares of Aritzia from C$44.00 to C$48.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $48.57.

ATZAF stock traded up $0.26 on Thursday, hitting $32.53. 1,573 shares of the company’s stock traded hands, compared to its average volume of 1,875. Aritzia has a 1-year low of $14.45 and a 1-year high of $34.20. The stock has a fifty day moving average of $32.25 and a 200-day moving average of $28.54.

About Aritzia

Aritzia, Inc engages in the design of apparel and accessories for its collection of fashion brands. Its brands include Wilfred, Babaton, Tna, Wilfred Free, Sunday Best, Le Fou Wilfred, Denim Forum, Little Moon, and The Group by Babaton. It operates through Canada, and United States geographical segments.

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