Aritzia (OTCMKTS:ATZAF) was downgraded by research analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Tuesday, The Fly reports.
ATZAF has been the subject of several other reports. TD Securities boosted their target price on Aritzia from C$36.00 to C$44.00 and gave the stock a “buy” rating in a report on Tuesday, July 6th. CIBC boosted their target price on Aritzia from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a report on Wednesday, July 14th. Canaccord Genuity lifted their price target on Aritzia from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Tuesday, October 5th. Robert W. Baird lifted their price target on Aritzia from $35.17 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. They noted that the move was a valuation call. Finally, Scotiabank lifted their price target on Aritzia from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, September 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $43.00.
ATZAF opened at $32.53 on Tuesday. The business has a 50 day moving average price of $32.25 and a 200 day moving average price of $28.54. Aritzia has a twelve month low of $14.45 and a twelve month high of $34.20.
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.
Further Reading: 52-week highs
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