BMO Capital Markets Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its price target boosted by BMO Capital Markets from C$163.00 to C$188.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 28.00% from the company’s current price.

Several other research analysts have also recently commented on ATZ. Canadian Imperial Bank of Commerce boosted their price target on shares of Aritzia from C$148.00 to C$155.00 and gave the stock an “outperformer” rating in a report on Monday. Wells Fargo & Company boosted their target price on shares of Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. Truist Financial raised their price target on Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. National Bank Financial set a C$143.00 price target on Aritzia and gave the stock an “outperform” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada raised their target price on Aritzia from C$150.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Aritzia currently has an average rating of “Buy” and an average target price of C$163.92.

Aritzia Stock Up 3.4%

Shares of TSE ATZ traded up C$4.88 during mid-day trading on Friday, hitting C$146.88. The company had a trading volume of 805,289 shares, compared to its average volume of 694,543. The company has a market capitalization of C$17.01 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 1.19 and a beta of 2.11. The business’s 50-day simple moving average is C$123.48 and its 200 day simple moving average is C$116.01. Aritzia has a 1-year low of C$57.98 and a 1-year high of C$156.00. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.44 and a quick ratio of 0.19.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.