Aritzia (TSE:ATZ) Price Target Raised to C$182.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price objective increased by Canaccord Genuity Group from C$166.00 to C$182.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 23.91% from the company’s previous close.

ATZ has been the subject of several other reports. TD raised their price target on Aritzia from C$155.00 to C$183.00 and gave the company a “buy” rating in a report on Friday. Canadian Imperial Bank of Commerce increased their price objective on Aritzia from C$148.00 to C$155.00 and gave the stock an “outperformer” rating in a research report on Monday. Royal Bank Of Canada raised their price objective on shares of Aritzia from C$150.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets raised their price target on Aritzia from C$163.00 to C$188.00 in a research report on Friday. Finally, National Bank Financial set a C$143.00 target price on Aritzia and gave the company an “outperform” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$163.92.

Aritzia Stock Performance

Shares of ATZ stock traded up C$4.88 during midday trading on Friday, hitting C$146.88. The company had a trading volume of 805,289 shares, compared to its average volume of 694,543. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19. The company’s 50 day simple moving average is C$123.48 and its 200 day simple moving average is C$116.01. Aritzia has a 52-week low of C$57.98 and a 52-week high of C$156.00. The stock has a market cap of C$17.01 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 1.19 and a beta of 2.11.

Aritzia Company Profile

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.