Aritzia (TSE:ATZ) had its price objective hoisted by equities researchers at TD Securities to C$53.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 12.55% from the stock’s current price.
A number of other equities research analysts also recently issued reports on ATZ. Scotiabank set a C$41.00 price target on Aritzia and gave the stock an “outperform” rating in a research report on Wednesday, June 16th. BMO Capital Markets increased their price target on Aritzia to C$49.00 and gave the stock a “na” rating in a research report on Thursday. CIBC increased their price target on Aritzia from C$43.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity increased their price target on Aritzia to C$50.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada downgraded Aritzia from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$40.00 to C$43.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Aritzia has a consensus rating of “Buy” and an average target price of C$48.00.
Shares of Aritzia stock traded up C$6.55 on Thursday, hitting C$47.09. The stock had a trading volume of 972,721 shares, compared to its average volume of 300,846. Aritzia has a twelve month low of C$18.99 and a twelve month high of C$47.98. The business’s 50 day moving average is C$40.74 and its two-hundred day moving average is C$35.63. The company has a quick ratio of 0.57, a current ratio of 1.18 and a debt-to-equity ratio of 150.59. The stock has a market cap of C$5.18 billion and a price-to-earnings ratio of 84.24.
In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of C$35.05, for a total value of C$700,948.00.
Aritzia Company Profile
Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers sweatshirts, leggings, blouses, pants, dresses, T-shirts, bodysuits, shorts, skirts, jackets and coats, sweaters, and denims; and accessories, including bralettes and sports bras, hats, bags and pouches, shoes and sneakers, socks and tights, belts, scarves, iPhone cases, and gloves and mittens.
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