Aritzia (OTCMKTS:ATZAF) Price Target Raised to C$50.00 at Canaccord Genuity

Aritzia (OTCMKTS:ATZAF) had its price target lifted by equities researchers at Canaccord Genuity from C$43.00 to C$50.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. The analysts noted that the move was a valuation call.

A number of other research analysts have also commented on ATZAF. Royal Bank of Canada lowered Aritzia from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. Scotiabank upped their target price on Aritzia from C$41.00 to C$44.00 and gave the company an “outperform” rating in a research note on Monday, September 20th. Robert W. Baird upped their target price on Aritzia from C$44.00 to C$48.00 and gave the company an “outperform” rating in a research note on Thursday. CIBC upped their target price on Aritzia from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research note on Wednesday, July 14th. Finally, TD Securities upped their target price on Aritzia from C$36.00 to C$44.00 and gave the company a “buy” rating in a research note on Tuesday, July 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Aritzia presently has an average rating of “Buy” and a consensus price target of $44.57.

Shares of OTCMKTS ATZAF opened at $32.53 on Thursday. The business has a fifty day simple moving average of $32.25 and a 200 day simple moving average of $28.54. Aritzia has a one year low of $14.45 and a one year high of $34.20.

Aritzia Company Profile

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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