Aritzia Inc (ATZ) Price Target Cut to C$21.00
Aritzia Inc (TSE:ATZ) had its price target decreased by equities research analysts at TD Securities from C$23.00 to C$21.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 56.95% from the stock’s previous close.
A number of other research analysts also recently weighed in on ATZ. Royal Bank Of Canada cut their price target on shares of Aritzia from C$23.00 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday, June 28th. BMO Capital Markets restated an “outperform” rating and set a C$23.00 price target on shares of Aritzia in a report on Tuesday, July 11th. Scotiabank cut their price target on shares of Aritzia from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Thursday, July 13th. Finally, Canaccord Genuity cut their price target on shares of Aritzia from C$23.00 to C$21.00 and set a “buy” rating on the stock in a report on Friday. Eight analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$21.71.
Shares of Aritzia (TSE ATZ) opened at 13.38 on Friday. The company has a 50-day moving average price of $14.15 and a 200 day moving average price of $14.15. Aritzia has a one year low of $12.90 and a one year high of $19.40. The firm’s market capitalization is $1.47 billion.
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In other Aritzia news, Director Jennifer Michelle Wong Neal purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of C$12.65 per share, for a total transaction of C$126,500.00. Also, insider David John Maciver sold 1,991 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of C$14.62, for a total transaction of C$29,108.42. In the last 90 days, insiders have bought 12,100 shares of company stock worth $152,580 and have sold 91,261 shares worth $1,284,165.
Aritzia Inc operates as a design house and fashion retailer of womens apparel and accessories. It designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, outerwear, leggings, sweatshirts, bodysuits, rompers and jumpsuits, intimates, and active wear; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, IPhone cases, and gloves.
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