Aritzia (TSE:ATZ) had its price objective boosted by stock analysts at Scotiabank from C$44.00 to C$49.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 4.21% from the stock’s previous close.
ATZ has been the subject of a number of other research reports. Canaccord Genuity raised their target price on Aritzia from C$43.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday. CIBC raised their target price on Aritzia from C$43.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities raised their target price on Aritzia from C$44.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Aritzia from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, BMO Capital Markets lifted their price objective on Aritzia from C$43.00 to C$49.00 and gave the company a “na” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Aritzia has a consensus rating of “Buy” and an average price target of C$49.50.
TSE ATZ traded up C$6.48 during midday trading on Thursday, hitting C$47.02. 1,091,992 shares of the company traded hands, compared to its average volume of 300,846. The company has a debt-to-equity ratio of 150.59, a current ratio of 1.18 and a quick ratio of 0.57. The company has a market cap of C$5.18 billion and a PE ratio of 84.24. The company’s 50-day simple moving average is C$40.74 and its 200-day simple moving average is C$35.63. Aritzia has a 52 week low of C$18.99 and a 52 week high of C$47.98.
In other news, Senior Officer Philippa (Pippa) Morgan sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 20th. The stock was sold at an average price of C$35.05, for a total transaction of C$700,948.00.
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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