Canaccord Genuity Group Raises Aritzia (TSE:ATZ) Price Target to C$70.00

Aritzia (TSE:ATZ) had its price target raised by stock analysts at Canaccord Genuity Group from C$62.00 to C$70.00 in a report issued on Sunday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 8.49% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Raymond James cut Aritzia from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from C$52.50 to C$58.00 in a report on Tuesday, January 7th. Stifel Nicolaus boosted their target price on shares of Aritzia from C$58.00 to C$66.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Royal Bank of Canada upped their price target on shares of Aritzia from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. CIBC lifted their price objective on shares of Aritzia from C$60.00 to C$63.00 and gave the company an “outperform” rating in a report on Monday, January 6th. Finally, BMO Capital Markets upped their target price 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Aritzia presently has an average rating of “Moderate Buy” and a consensus target price of C$66.56.

Aritzia Stock Down 4.9 %

Shares of TSE ATZ opened at C$64.52 on Friday. Aritzia has a 1 year low of C$31.82 and a 1 year high of C$67.94. The firm has a 50-day simple moving average of C$50.25 and a two-hundred day simple moving average of C$46.82. The company has a market cap of C$5.92 billion, a P/E ratio of 94.88, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Insider Buying and Selling at Aritzia

In related news, Director Jennifer Wong sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.50, for a total transaction of C$930,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$174,800.00. In the last quarter, insiders have sold 77,300 shares of company stock valued at $3,565,800. Company insiders own 0.94% of the company’s stock.

About Aritzia

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.