CIBC Issues Positive Forecast for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ - Get Free Report) had its price objective boosted by investment analysts at CIBC from C$79.00 to C$87.00 in a research report issued on Friday,BayStreet.CA reports. CIBC's price target suggests a potential upside of 14.67% from the stock's current price.

A number of other equities analysts have also recently commented on ATZ. Canaccord Genuity Group dropped their target price on Aritzia from C$70.00 to C$64.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Raymond James Financial boosted their target price on Aritzia from C$60.00 to C$78.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. UBS Group boosted their target price on Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. TD Securities boosted their target price on Aritzia from C$70.00 to C$81.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada boosted their target price on Aritzia from C$68.00 to C$85.00 and gave the company an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, Aritzia presently has a consensus rating of "Moderate Buy" and an average target price of C$81.50.

Aritzia Price Performance

Shares of Aritzia stock traded up C$1.82 during trading hours on Friday, hitting C$75.87. The company's stock had a trading volume of 806,766 shares, compared to its average volume of 667,221. The business has a 50 day moving average price of C$66.91 and a two-hundred day moving average price of C$60.75. Aritzia has a 12-month low of C$36.51 and a 12-month high of C$78.88. The company has a market cap of C$9.05 billion, a PE ratio of 66.66, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29.

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 have sold 60,000 shares of company stock worth $4,042,550 in the last ninety days. Company insiders own 0.94% of the company's stock.

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.

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