Aritzia Inc. (TSE:ATZ) Given Consensus Rating of “Buy” by Brokerages

Aritzia Inc. (TSE:ATZ) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$96.09.

Several analysts have recently commented on ATZ shares. Jefferies Financial Group raised their target price on shares of Aritzia from C$87.00 to C$92.00 in a research note on Friday, October 10th. Stifel Nicolaus increased their price target on shares of Aritzia from C$96.00 to C$100.00 in a report on Friday, October 10th. Desjardins raised their price objective on shares of Aritzia from C$91.00 to C$95.00 in a research report on Friday, October 10th. Raymond James Financial boosted their target price on Aritzia from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, BMO Capital Markets increased their target price on Aritzia from C$100.00 to C$104.00 in a research note on Friday, October 10th.

Aritzia Price Performance

Shares of ATZ opened at C$97.69 on Thursday. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. Aritzia has a fifty-two week low of C$36.51 and a fifty-two week high of C$100.37. The firm has a 50-day simple moving average of C$89.14 and a 200-day simple moving average of C$76.62. The company has a market capitalization of C$11.26 billion, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.79.

About Aritzia

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.