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

Aritzia (TSE:ATZ - Get Free Report) had its target price upped by research analysts at Royal Bank Of Canada from C$85.00 to C$94.00 in a research note issued to investors on Sunday,BayStreet.CA reports. Royal Bank Of Canada's target price would suggest a potential upside of 29.17% from the company's previous close.

Several other equities research analysts have also recently weighed in on the company. TD Securities upped their price target on Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a research report on Friday, July 11th. 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. BMO Capital Markets upped their price objective on shares of Aritzia from C$80.00 to C$84.00 in a research report on Thursday, July 10th. Raymond James Financial upped their price objective on shares of Aritzia from C$78.00 to C$87.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus upped their price objective on shares of Aritzia from C$67.00 to C$82.00 in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$82.40.

Aritzia Stock Performance

TSE ATZ traded up C$0.64 during trading on Friday, hitting C$72.77. 392,477 shares of the company's stock traded hands, compared to its average volume of 667,734. The stock has a market capitalization of C$8.68 billion, a price-to-earnings ratio of 63.94, a PEG ratio of 1.19 and a beta of 1.83. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$78.88. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The business has a 50 day moving average of C$68.26 and a 200-day moving average of C$61.30.

Insider Activity

In related news, Director Jennifer Wong sold 15,000 shares of Aritzia stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$68.25, for a total value of C$1,023,750.00. Also, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of Aritzia stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$67.92, for a total value of C$2,037,600.00. Insiders sold 60,000 shares of company stock worth $4,042,550 over the last three months. 0.94% of the stock is currently owned by corporate insiders.

About Aritzia

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.