UBS Group Raises Aritzia (TSE:ATZ) Price Target to C$204.00

Aritzia (TSE:ATZ) had its price target increased by research analysts at UBS Group from C$189.00 to C$204.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 30.51% from the stock’s current price.

ATZ has been the subject of a number of other reports. Canaccord Genuity Group boosted their target price on Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wells Fargo & Company raised their target price on shares of Aritzia from C$110.00 to C$140.00 in a research note on Wednesday, April 29th. Desjardins lifted their target price on Aritzia from C$148.00 to C$175.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. TD set a C$183.00 price target on shares of Aritzia and gave the company a “buy” rating in a report on Friday. Finally, Stifel Nicolaus raised their price objective on shares of Aritzia from C$158.00 to C$180.00 in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$176.21.

Aritzia Trading Down 0.3%

Shares of ATZ traded down C$0.40 during trading hours on Friday, reaching C$156.31. The stock had a trading volume of 420,239 shares, compared to its average volume of 663,278. The company has a quick ratio of 0.19, a current ratio of 1.43 and a debt-to-equity ratio of 73.16. Aritzia has a 52 week low of C$68.63 and a 52 week high of C$174.52. The firm has a 50-day moving average of C$149.89 and a 200 day moving average of C$129.09. The company has a market cap of C$17.91 billion, a P/E ratio of 48.85, a P/E/G ratio of 1.19 and a beta of 2.01.

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.