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

Aritzia (TSE:ATZ) had its target price lifted by Royal Bank of Canada from C$65.00 to C$73.00 in a report published on Monday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research firms have also commented on ATZ. Raymond James increased their target price on shares of Aritzia from C$58.00 to C$65.00 and gave the company a “market perform” rating in a report on Monday. BMO Capital Markets increased their price target on shares of Aritzia from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Stifel Nicolaus raised their target price on Aritzia from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group upped their target price on Aritzia from C$62.00 to C$70.00 and gave the company a “buy” rating in a report on Sunday. Finally, CIBC increased their price target on shares of Aritzia from C$63.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Sunday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$66.56.

Aritzia Price Performance

Shares of TSE:ATZ opened at C$65.87 on Monday. Aritzia has a one year low of C$31.82 and a one year high of C$67.94. The company’s fifty day moving average price is C$51.06 and its 200-day moving average price is C$47.08. The firm has a market capitalization of C$6.05 billion, a price-to-earnings ratio of 96.87, a PEG ratio of 1.19 and a beta of 1.83. The company has a debt-to-equity ratio of 97.38, a current ratio of 1.40 and a quick ratio of 0.19.

Insider Transactions at Aritzia

In other news, Senior Officer Karen Kwan sold 6,500 shares of Aritzia stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$46.00, for a total transaction of C$299,000.00. Also, Director Jennifer Wong sold 2,000 shares of Aritzia stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$46.00, for a total transaction of C$92,000.00. Insiders sold 77,300 shares of company stock worth $3,565,800 over the last three months. 0.94% of the stock is currently owned by company insiders.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, designs, develops, and sells apparels and accessories for women in the United States and Canada. The company offers activewear, blazers and suiting, bodysuits, denim, dresses, jackets and coats, jumpsuits and rompers, leggings and bike shorts, pants, shirts and blouses, shorts, skirts, sweaters, and sweatpants, sweatshirts, hoodies, and sweats, as well as t-shirts, tops, intimates, bra tops, leaotards.