Aritzia (TSE:ATZ) Given New C$204.00 Price Target at UBS Group

Aritzia (TSE:ATZ) had its price objective lifted by stock analysts at UBS Group from C$189.00 to C$204.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 30.51% from the company’s current price.

A number of other research analysts have also recently issued reports on ATZ. Raymond James Financial lifted their price objective on shares of Aritzia from C$155.00 to C$200.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Stifel Nicolaus raised their price objective on Aritzia from C$158.00 to C$180.00 in a research note on Friday, May 8th. Royal Bank Of Canada lifted their target price on Aritzia from C$175.00 to C$193.00 and gave the company an “outperform” rating in a research report on Sunday, May 10th. BMO Capital Markets lifted their price target on shares of Aritzia from C$163.00 to C$188.00 in a report on Friday, May 8th. Finally, Truist Financial upped their price objective on shares of Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Aritzia has a consensus rating of “Buy” and an average price target of C$176.21.

Aritzia Price Performance

Aritzia stock traded down C$0.40 during trading hours on Friday, reaching C$156.31. 420,239 shares of the stock were exchanged, compared to its average volume of 663,278. The company has a current ratio of 1.43, a quick ratio of 0.19 and a debt-to-equity ratio of 73.16. Aritzia has a twelve month low of C$68.63 and a twelve month high of C$174.52. The company has a market cap of C$17.91 billion, a P/E ratio of 48.85, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The stock has a 50 day moving average of C$149.89 and a two-hundred day moving average of C$129.09.

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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.