CIBC Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock

Aritzia (TSE:ATZ) had its target price boosted by equities researchers at CIBC from C$57.00 to C$66.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 16.98% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of Aritzia from C$73.00 to C$65.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. UBS Group boosted their target price on Aritzia from C$61.00 to C$66.00 in a research report on Friday. TD Securities cut their price target on shares of Aritzia from C$74.00 to C$66.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Raymond James raised Aritzia from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from C$65.00 to C$55.00 in a report on Tuesday, April 22nd. Finally, BMO Capital Markets cut their target price on Aritzia from C$80.00 to C$74.00 in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.20.

Aritzia Stock Up 13.8 %

Shares of TSE ATZ opened at C$56.42 on Friday. The company has a debt-to-equity ratio of 93.51, a current ratio of 1.29 and a quick ratio of 0.19. The stock has a market capitalization of C$6.73 billion, a PE ratio of 49.57, a P/E/G ratio of 1.19 and a beta of 1.83. Aritzia has a one year low of C$31.82 and a one year high of C$73.44. The business’s fifty day moving average price is C$50.52 and its 200-day moving average price is C$53.83.

About Aritzia

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.