Aritzia (TSE:ATZ) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Aritzia (TSE:ATZ - Get Free Report) had its price target increased by stock analysts at Royal Bank Of Canada from C$85.00 to C$94.00 in a report released on Sunday,BayStreet.CA reports. Royal Bank Of Canada's target price indicates a potential upside of 25.10% from the company's previous close.

Several other research firms also recently commented on ATZ. Canaccord Genuity Group increased their price objective on Aritzia from C$84.00 to C$95.00 and gave the company a "buy" rating in a research note on Friday. CIBC increased their price objective on Aritzia from C$79.00 to C$87.00 in a research note on Friday. TD Securities increased their price objective on Aritzia from C$81.00 to C$93.00 and gave the company a "buy" rating in a research note on Friday. BMO Capital Markets increased their price objective on Aritzia from C$80.00 to C$84.00 in a research note on Thursday. Finally, Stifel Nicolaus increased their price objective on Aritzia from C$67.00 to C$82.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$82.40.

Aritzia Price Performance

Shares of ATZ stock traded up C$1.09 during trading hours on Friday, hitting C$75.14. 1,143,422 shares of the company's stock were exchanged, compared to its average volume of 669,968. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51. The firm has a market cap of C$8.96 billion, a P/E ratio of 66.02, a P/E/G ratio of 1.19 and a beta of 1.83. The firm has a 50 day moving average of C$67.28 and a two-hundred day moving average of C$61.01. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$78.88.

Insider Activity at Aritzia

In other news, 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. Also, Senior Officer David John Maciver sold 10,000 shares of Aritzia stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$64.09, for a total value of C$640,900.00. Insiders sold 60,000 shares of company stock worth $4,042,550 in the last three months. 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.