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

Aritzia (TSE:ATZ) had its price target boosted by Royal Bank of Canada from C$65.00 to C$73.00 in a research report released on Monday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on ATZ. Stifel Nicolaus increased 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 report on Monday. Canaccord Genuity Group raised their price target on shares of Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday. Raymond James boosted their price objective on shares of Aritzia from C$58.00 to C$65.00 and gave the stock a “market perform” rating in a report on Monday. CIBC raised 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. Finally, BMO Capital Markets boosted their price target on 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$66.56.

Aritzia Price Performance

ATZ stock opened at C$64.52 on Monday. The firm has a market cap of C$5.92 billion, a P/E ratio of 94.88, a price-to-earnings-growth ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a quick ratio of 0.19 and a current ratio of 1.40. Aritzia has a 1 year low of C$31.82 and a 1 year high of C$67.94. The stock has a 50-day simple moving average of C$50.25 and a 200-day simple moving average of C$46.82.

Insider Transactions at Aritzia

In other news, Director Jennifer Wong sold 2,000 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$92,000.00. Also, Senior Officer Karen Kwan sold 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of C$46.00, for a total transaction of C$230,000.00. Over the last 90 days, insiders have sold 77,300 shares of company stock valued at $3,565,800. 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.