Aritzia (TSE:ATZ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Aritzia (TSE:ATZ) had its price target hoisted by research analysts at BMO Capital Markets from C$163.00 to C$188.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 28.00% from the company’s current price.

Several other research analysts also recently weighed in on ATZ. Truist Financial boosted their target price on shares of Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. TD Securities lifted their price objective on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada lifted their price target on Aritzia from C$150.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday. Canadian Imperial Bank of Commerce boosted their price target on Aritzia from C$148.00 to C$155.00 and gave the company an “outperformer” rating in a research report on Monday. Finally, Stifel Nicolaus raised their price objective on Aritzia from C$150.00 to C$158.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$163.92.

Aritzia Price Performance

Shares of TSE:ATZ traded up C$4.88 during midday trading on Friday, hitting C$146.88. 805,289 shares of the stock were exchanged, compared to its average volume of 694,543. The company has a current ratio of 1.44, a quick ratio of 0.19 and a debt-to-equity ratio of 77.42. The company has a 50 day moving average price of C$123.48 and a 200-day moving average price of C$116.01. Aritzia has a twelve month low of C$57.98 and a twelve month high of C$156.00. The stock has a market cap of C$17.01 billion, a P/E ratio of 50.13, a PEG 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.