Aritzia Inc. (TSE:ATZ) Receives Consensus Rating of “Buy” from Brokerages

Shares of Aritzia Inc. (TSE:ATZ – Get Free Report) have been assigned an average recommendation of “Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$176.50.

Several analysts have commented on the stock. Raymond James Financial boosted their target price on shares of Aritzia from C$155.00 to C$200.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Canaccord Genuity Group raised their price target on shares of Aritzia from C$166.00 to C$182.00 and gave the company a “buy” rating in a report on Friday, May 8th. BMO Capital Markets upped their price objective on shares of Aritzia from C$163.00 to C$188.00 in a report on Friday, May 8th. Truist Financial upped their target price on Aritzia from C$164.00 to C$185.00 in a research report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Aritzia from C$155.00 to C$171.00 in a report on Sunday, May 10th.

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Aritzia Stock Up 1.8%

ATZ opened at C$156.39 on Friday. The company has a market capitalization of C$17.92 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 1.19 and a beta of 2.01. The company has a debt-to-equity ratio of 73.16, a current ratio of 1.43 and a quick ratio of 0.19. Aritzia has a fifty-two week low of C$69.08 and a fifty-two week high of C$174.52. The business has a 50-day moving average of C$151.12 and a 200-day moving average of C$129.96.

About Aritzia

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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. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.

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