Aritzia (TSE:ATZ) Given New C$175.00 Price Target at Desjardins

Aritzia (TSE:ATZ) had its target price lifted by research analysts at Desjardins from C$148.00 to C$175.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 19.14% from the company’s current price.

A number of other analysts have also commented on the company. BMO Capital Markets boosted their target price on Aritzia from C$163.00 to C$188.00 in a research report on Friday. 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 report on Friday. TD Securities boosted their price target on shares of Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce boosted their price target on shares of Aritzia from C$148.00 to C$155.00 and gave the company an “outperformer” rating in a research note on Monday. Finally, National Bank Financial set a C$143.00 price target on shares of Aritzia and gave the company an “outperform” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$163.92.

Aritzia Trading Up 3.4%

Shares of ATZ stock traded up C$4.88 during mid-day trading on Friday, hitting C$146.88. The company’s stock had a trading volume of 805,289 shares, compared to its average volume of 694,543. The company’s fifty day simple moving average is C$123.48 and its 200-day simple moving average is C$116.01. Aritzia has a 52 week low of C$57.98 and a 52 week high of C$156.00. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44. The company has a market cap of C$17.01 billion, a PE ratio of 50.13, a P/E/G ratio of 1.19 and a beta of 2.11.

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.