Royal Bank of Canada Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ) had its target price lifted by analysts at Royal Bank of Canada from C$65.00 to C$73.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 10.01% from the stock’s current price.

A number of other research analysts also recently commented on the company. CIBC increased their target price on Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a report on Sunday. Canaccord Genuity Group raised their price objective on Aritzia from C$62.00 to C$70.00 and gave the stock a “buy” rating in a research note on Sunday. Stifel Nicolaus lifted their price objective on shares of Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets increased their target price on shares of Aritzia from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Finally, Raymond James lifted their price target on shares of Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Stock Performance

Shares of ATZ stock opened at C$66.36 on Monday. The stock has a market capitalization of C$6.09 billion, a price-to-earnings 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. The company’s 50-day simple moving average is C$50.66 and its 200-day simple moving average is 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.

Insider Activity at Aritzia

In other Aritzia news, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total transaction of C$92,000.00. Also, Senior Officer Karen Kwan sold 3,800 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$46.00, for a total value of C$174,800.00. Insiders have sold a total of 77,300 shares of company stock worth $3,565,800 in the last ninety days. 0.94% of the stock is owned by insiders.

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.