TD Securities Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target boosted by equities researchers at TD Securities from C$66.00 to C$70.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 24.07% from the company’s current price.

Several other brokerages have also recently issued reports on ATZ. Desjardins set a C$82.00 target price on shares of Aritzia and gave the company a “buy” rating in a research report on Wednesday, February 26th. Raymond James upped their price objective on Aritzia from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group lifted their target price on Aritzia from C$61.00 to C$66.00 in a report on Friday. Royal Bank of Canada decreased their price target on Aritzia from C$73.00 to C$65.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Canaccord Genuity Group dropped their price objective on shares of Aritzia from C$70.00 to C$64.00 and set a “buy” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Aritzia has a consensus rating of “Moderate Buy” and an average price target of C$64.20.

Aritzia Stock Up 13.8 %

Shares of ATZ stock opened at C$56.42 on Friday. The company’s fifty day simple moving average is C$50.52 and its two-hundred day simple moving average is C$53.83. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$73.44. The stock has a market cap of C$6.73 billion, a P/E ratio of 49.57, a PEG ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

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.