Aritzia (TSE:ATZ) Price Target Raised to C$40.00 at Canaccord Genuity Group

Aritzia (TSE:ATZ) had its target price hoisted by Canaccord Genuity Group from C$38.00 to C$40.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

ATZ has been the topic of several other research reports. UBS Group lifted their price target on Aritzia from C$39.00 to C$50.00 in a research note on Thursday, February 8th. Stifel Nicolaus boosted their target price on Aritzia from C$34.00 to C$42.00 in a research note on Wednesday, April 3rd. Raymond James lifted their price target on shares of Aritzia from C$35.00 to C$46.00 and gave the company an outperform rating in a report on Tuesday, March 19th. CIBC raised their target price on shares of Aritzia from C$37.00 to C$41.00 and gave the company an outperform rating in a research report on Friday. Finally, TD Securities decreased their target price on shares of Aritzia from C$45.00 to C$43.00 and set a buy rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$41.60.

Aritzia Stock Performance

TSE ATZ opened at C$38.02 on Friday. The firm’s 50 day simple moving average is C$35.55 and its 200 day simple moving average is C$31.18. The firm has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 46.94, a P/E/G ratio of 1.19 and a beta of 1.85. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 103.38. Aritzia has a 1 year low of C$20.67 and a 1 year high of C$41.25.

Insider Buying and Selling

In other Aritzia news, Senior Officer Philippa (Pippa) Morgan sold 1,568 shares of Aritzia stock in a transaction dated Friday, February 9th. The stock was sold at an average price of C$40.44, for a total transaction of C$63,409.92. 0.55% of the stock is currently owned by insiders.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.