Aritzia (TSE:ATZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets has raised Aritzia's price target from C$100.00 to C$104.00, indicating a potential upside of 21.00% from its previous close.
• Multiple analysts have upgraded their price targets for Aritzia, with an average target price of C$93.91 and a general rating of "Buy" from nine research analysts.
• Shares of Aritzia recently saw an 8.1% increase in trading, reaching C$85.95 during mid-day trading.

Aritzia (TSE:ATZ - Get Free Report) had its price target lifted by stock analysts at BMO Capital Markets from C$100.00 to C$104.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 21.00% from the stock's previous close.

Other analysts have also issued research reports about the stock. CIBC boosted their price target on shares of Aritzia from C$87.00 to C$94.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. TD Securities upped their price objective on shares of Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a report on Friday, July 11th. Desjardins upped their price target on Aritzia from C$66.00 to C$84.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Canaccord Genuity Group upped their price objective on shares of Aritzia from C$84.00 to C$95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada increased their price target on shares of Aritzia from C$85.00 to C$94.00 in a research report on Sunday, July 13th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Aritzia has an average rating of "Buy" and an average target price of C$93.91.

Aritzia Trading Up 8.1%

Shares of TSE:ATZ traded up C$6.41 during mid-day trading on Friday, hitting C$85.95. The company had a trading volume of 1,409,060 shares, compared to its average volume of 614,490. The firm has a fifty day moving average price of C$81.10 and a 200 day moving average price of C$68.17. The company has a market capitalization of C$9.87 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 1.19 and a beta of 1.89. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. Aritzia has a one year low of C$36.51 and a one year high of C$91.25.

Insiders Place Their Bets

In related news, Senior Officer Todd Jeremy Ingledew sold 13,975 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of C$75.00, for a total transaction of C$1,048,125.00. Also, Director Jennifer Wong sold 30,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of C$75.00, for a total value of C$2,250,000.00. Over the last quarter, insiders have sold 94,200 shares of company stock valued at $7,000,627. 0.94% of the stock is owned by company insiders.

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.

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