Canaccord Genuity Group Boosts Aritzia (TSE:ATZ) Price Target to C$40.00

Aritzia (TSE:ATZ) had its price target increased by Canaccord Genuity Group from C$38.00 to C$40.00 in a research report sent to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. UBS Group upped their target price on shares of Aritzia from C$39.00 to C$50.00 in a research report on Thursday, February 8th. Stifel Nicolaus increased their price objective on shares of Aritzia from C$34.00 to C$42.00 in a report on Wednesday, April 3rd. Raymond James lifted their target price on Aritzia from C$35.00 to C$46.00 and gave the stock an outperform rating in a report on Tuesday, March 19th. TD Securities decreased their target price on Aritzia from C$45.00 to C$43.00 and set a buy rating on the stock in a research report on Friday. Finally, CIBC raised their price target on Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Aritzia has a consensus rating of Moderate Buy and a consensus price target of C$41.60.

Aritzia Trading Down 0.9 %

ATZ stock opened at C$35.82 on Friday. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.32 and a quick ratio of 0.19. Aritzia has a 1-year low of C$20.67 and a 1-year high of C$41.25. The business has a 50 day simple moving average of C$35.50 and a two-hundred day simple moving average of C$31.08. The company has a market capitalization of C$3.22 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 1.19 and a beta of 1.85.

Insider Buying and Selling

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of C$40.44, for a total transaction of C$63,409.92. 0.55% of the stock is currently owned by company insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.