Royal Bank Of Canada Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ - Free Report) had its price target lifted by Royal Bank Of Canada from C$68.00 to C$85.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. UBS Group upped their target price on shares of Aritzia from C$61.00 to C$66.00 in a research report on Friday, May 2nd. BMO Capital Markets upped their target price on shares of Aritzia from C$75.00 to C$80.00 in a research report on Friday, June 13th. Stifel Nicolaus reduced their target price on shares of Aritzia from C$73.00 to C$66.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Desjardins reduced their target price on shares of Aritzia from C$82.00 to C$66.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Canaccord Genuity Group reduced their target price on shares of Aritzia from C$70.00 to C$64.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Aritzia has a consensus rating of "Moderate Buy" and an average target price of C$72.60.

Aritzia Price Performance

TSE:ATZ traded down C$0.53 during midday trading on Monday, hitting C$74.05. The company had a trading volume of 555,881 shares, compared to its average volume of 666,381. Aritzia has a 52-week low of C$36.51 and a 52-week high of C$75.72. The stock's fifty day moving average price is C$66.91 and its 200-day moving average price is C$60.75. The company has a market capitalization of C$8.83 billion, a PE ratio of 65.06, a P/E/G ratio of 1.19 and a beta of 1.83. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

Insiders Place Their Bets

In other news, Senior Officer Todd Jeremy Ingledew sold 30,000 shares of Aritzia stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$67.92, for a total transaction of C$2,037,600.00. Also, Director Jennifer Wong sold 15,000 shares of Aritzia stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$68.25, for a total transaction of C$1,023,750.00. Insiders have sold a total of 60,000 shares of company stock valued at $4,042,550 in the last quarter. Insiders own 0.94% of the company's stock.

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.