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

Shares of Aritzia Inc. (TSE:ATZGet Rating) have been given an average rating of “Buy” by the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$60.43.

ATZ has been the topic of several analyst reports. BMO Capital Markets lowered their target price on Aritzia from C$70.00 to C$61.00 in a research report on Friday, May 6th. CIBC lowered their target price on Aritzia from C$64.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th. TD Securities lowered their target price on Aritzia from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research report on Friday, May 6th. Finally, Scotiabank raised their target price on Aritzia from C$65.00 to C$66.00 in a research report on Monday, May 2nd.

Shares of TSE ATZ traded up C$0.77 during mid-day trading on Friday, hitting C$37.70. The company had a trading volume of 416,804 shares, compared to its average volume of 382,855. The stock has a market cap of C$4.19 billion and a price-to-earnings ratio of 31.42. Aritzia has a 12 month low of C$28.70 and a 12 month high of C$60.64. The company has a debt-to-equity ratio of 103.69, a current ratio of 1.28 and a quick ratio of 0.77. The firm’s 50 day simple moving average is C$44.86 and its two-hundred day simple moving average is C$49.48.

About Aritzia (Get Rating)

Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers t-shirts, tops, bodysuits, shirts, blouses, sweaters, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, skirts, jackets, blazers, jackets, coats, shoes, and accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases.

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Analyst Recommendations for Aritzia (TSE:ATZ)

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