Aritzia Inc (ATZ) Given New C$21.00 Price Target at Canaccord Genuity
Aritzia Inc (TSE:ATZ) had its price objective cut by Canaccord Genuity from C$23.00 to C$21.00 in a research note issued on Friday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 47.89% from the company’s previous close.
ATZ has been the subject of several other reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$23.00 price objective on shares of Aritzia in a research report on Tuesday, July 11th. Scotiabank decreased their price objective on shares of Aritzia from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada decreased their price objective on shares of Aritzia from C$23.00 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday, June 28th. Eight research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$21.71.
Aritzia (TSE:ATZ) traded down 5.77% on Friday, hitting $13.38. 541,195 shares of the stock traded hands. The firm has a 50-day moving average price of $14.19 and a 200-day moving average price of $14.19. Aritzia has a 12 month low of $12.90 and a 12 month high of $19.40. The company’s market capitalization is $1.47 billion.
In other Aritzia news, insider David John Maciver sold 81,026 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$1,134,364.00. Also, Director Jennifer Michelle Wong Neal purchased 10,000 shares of Aritzia stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of C$12.65 per share, with a total value of C$126,500.00. Insiders have acquired a total of 12,100 shares of company stock valued at $152,580 over the last three months.
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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