Aritzia (TSE:ATZ) Hits New 12-Month High After Analyst Upgrade

Aritzia Inc. (TSE:ATZ) hit a new 52-week high during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from C$102.00 to C$116.00. The stock traded as high as C$97.22 and last traded at C$96.86, with a volume of 336145 shares changing hands. The stock had previously closed at C$96.19.

A number of other equities research analysts also recently weighed in on the company. TD Securities raised their price objective on Aritzia from C$81.00 to C$93.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Raymond James Financial raised their price target on shares of Aritzia from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday. Canaccord Genuity Group lowered their target price on shares of Aritzia from C$95.00 to C$93.00 in a research note on Friday, October 10th. Royal Bank Of Canada raised their target price on shares of Aritzia from C$85.00 to C$94.00 in a research note on Sunday, July 13th. Finally, BMO Capital Markets raised their price objective on Aritzia from C$100.00 to C$104.00 in a research report on Friday, October 10th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$96.09.

Aritzia Stock Down 2.5%

The company has a market capitalization of C$11.02 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 1.19 and a beta of 1.89. The business’s 50-day moving average is C$86.29 and its 200-day moving average is C$73.07. The company has a quick ratio of 0.19, a current ratio of 1.29 and a debt-to-equity ratio of 93.51.

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.