Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Aritzia (TSE:ATZ) had its price target lifted by analysts at Royal Bank of Canada from C$65.00 to C$73.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 10.01% from the company’s previous close.

Several other research firms have also commented on ATZ. CIBC upped their target price on Aritzia from C$63.00 to C$75.00 and gave the company an “outperform” rating in a research note on Sunday. Stifel Nicolaus upped their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the company a “buy” rating in a research note on Monday. TD Securities increased their price objective on shares of Aritzia from C$68.00 to C$75.00 and gave the stock a “buy” rating in a report on Sunday. Canaccord Genuity Group boosted their target price on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday. Finally, BMO Capital Markets increased their target price on Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Aritzia has an average rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Stock Up 2.9 %

ATZ stock opened at C$66.36 on Monday. The company has a 50 day moving average price of C$50.66 and a two-hundred day moving average price of C$46.95. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. The stock has a market capitalization of C$6.09 billion, a P/E ratio of 97.59, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a one year low of C$31.82 and a one year high of C$67.94.

Insider Buying and Selling

In other Aritzia news, Director Jennifer Wong sold 20,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$46.00, for a total value of C$920,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of C$46.00, for a total value of C$174,800.00. In the last ninety days, insiders have sold 77,300 shares of company stock valued at $3,565,800. Corporate insiders own 0.94% of the company’s stock.

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.