Aritzia (OTCMKTS:ATZAF) had its target price raised by investment analysts at CIBC from C$43.00 to C$52.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the stock.
Several other analysts have also commented on the stock. Canaccord Genuity increased their target price on shares of Aritzia from C$43.00 to C$50.00 and gave the company a “buy” rating in a research note on Thursday. They noted that the move was a valuation call. Robert W. Baird boosted their price target on shares of Aritzia from C$44.00 to C$48.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada lowered shares of Aritzia from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$43.00 to C$44.00 in a report on Tuesday. Scotiabank upped their price objective on shares of Aritzia from C$41.00 to C$44.00 and gave the company an “outperform” rating in a research note on Monday, September 20th. Finally, TD Securities upped their price objective on shares of Aritzia from C$44.00 to C$53.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $48.57.
ATZAF stock traded up $0.26 on Thursday, hitting $32.53. 1,573 shares of the company’s stock traded hands, compared to its average volume of 1,875. Aritzia has a 1-year low of $14.45 and a 1-year high of $34.20. The stock has a fifty day moving average of $32.25 and a 200-day moving average of $28.54.
Aritzia, Inc engages in the design of apparel and accessories for its collection of fashion brands. Its brands include Wilfred, Babaton, Tna, Wilfred Free, Sunday Best, Le Fou Wilfred, Denim Forum, Little Moon, and The Group by Babaton. It operates through Canada, and United States geographical segments.
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