Aritzia (OTCMKTS:ATZAF) Price Target Raised to C$52.00

Aritzia (OTCMKTS:ATZAF) had its target price boosted by analysts at CIBC from C$43.00 to C$52.00 in a report released on Thursday, The Fly reports. The firm presently has an “outperform” rating on the stock.

Several other research firms have also weighed in on ATZAF. Royal Bank of Canada lowered shares of Aritzia from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$43.00 to C$44.00 in a report on Tuesday. TD Securities lifted their price target on shares of Aritzia from C$44.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Aritzia from C$44.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank lifted their price target on shares of Aritzia from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Monday, September 20th. Finally, BMO Capital Markets lifted their price target on shares of Aritzia from C$43.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Aritzia currently has a consensus rating of “Buy” and an average price target of $48.57.

Shares of OTCMKTS:ATZAF traded up $0.26 during midday trading on Thursday, hitting $32.53. 1,573 shares of the company’s stock traded hands, compared to its average volume of 1,875. The firm’s fifty day moving average price is $32.25 and its two-hundred day moving average price is $28.54. Aritzia has a twelve month low of $14.45 and a twelve month high of $34.20.

About Aritzia

Aritzia, Inc engages in the design of apparel and accessories for its collection of fashion brands. Its brands include Wilfred, Babaton, Tna, Wilfred Free, Sunday Best, Le Fou Wilfred, Denim Forum, Little Moon, and The Group by Babaton. It operates through Canada, and United States geographical segments.

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