Aritzia (TSE:ATZ) Given New C$70.00 Price Target at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its price objective boosted by investment analysts at Canaccord Genuity Group from C$62.00 to C$70.00 in a research note issued on Sunday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 8.49% from the stock’s previous close.

Several other equities research analysts also recently commented on ATZ. BMO Capital Markets lifted their price objective on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. CIBC lifted their price target on Aritzia from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Royal Bank of Canada boosted their price target on Aritzia from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Raymond James cut Aritzia from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$52.50 to C$58.00 in a research note on Tuesday, January 7th. Finally, TD Securities upped their target price on Aritzia from C$68.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$66.56.

Aritzia Stock Performance

Shares of Aritzia stock opened at C$64.52 on Friday. The firm has a market capitalization of C$5.92 billion, a P/E ratio of 94.88, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 52 week low of C$31.82 and a 52 week high of C$67.94. The company has a quick ratio of 0.19, a current ratio of 1.40 and a debt-to-equity ratio of 97.38. The company has a 50 day moving average price of C$50.25 and a 200 day moving average price of C$46.82.

Insider Activity at Aritzia

In other Aritzia news, Senior Officer Karen Kwan sold 5,000 shares of Aritzia stock in a transaction on Friday, November 1st. The shares were sold at an average price of C$46.00, for a total value of C$230,000.00. Also, Director Jennifer Wong sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of C$46.00, for a total transaction of C$920,000.00. Over the last ninety days, insiders sold 77,300 shares of company stock worth $3,565,800. 0.94% of the stock is owned by corporate insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.