Royal Bank of Canada Issues Pessimistic Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target reduced by Royal Bank of Canada from C$73.00 to C$65.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on ATZ. Stifel Nicolaus set a C$73.00 price target on shares of Aritzia and gave the company a “buy” rating in a report on Thursday, April 24th. CIBC dropped their price target on shares of Aritzia from C$75.00 to C$57.00 in a research report on Thursday, April 17th. Raymond James upgraded shares of Aritzia from a “market perform” rating to an “outperform” rating and dropped their target price for the company from C$65.00 to C$55.00 in a research report on Tuesday, April 22nd. Canaccord Genuity Group boosted their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a research note on Sunday, January 12th. Finally, BMO Capital Markets decreased their price target on shares of Aritzia from C$80.00 to C$74.00 in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$64.80.

Aritzia Stock Performance

Shares of TSE ATZ opened at C$47.69 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 93.51. Aritzia has a 12 month low of C$31.82 and a 12 month high of C$73.44. The stock has a 50 day moving average of C$51.81 and a 200-day moving average of C$53.80. The company has a market capitalization of C$5.69 billion, a P/E ratio of 41.90, a P/E/G ratio of 1.19 and a beta of 1.83.

About Aritzia

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.