Aritzia (ATZ) Gets a Buy Rating from BMO Capital

By Austin Angelo

Aritzia (TSX: ATZ), the Services sector company, has received a rating update from a Wall Street analyst on October 18. The company received a Buy on October 18 from BMO Capital’s analyst Stephen Macleod, with a C$21 price target.

Macleod has an average return of 25.7% when recommending Aritzia.

According to TipRanks.com, Macleod is ranked #359 out of 4892 analysts.

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Currently, the analyst consensus on Aritzia is a Strong Buy with an average price target of C$21.75, which is a 14.6% upside from current levels. In a report issued on October 5, CIBC also maintained a Buy rating on the stock with a C$23 price target.

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Aritzia’s market cap is currently C$2.17B and has a P/E ratio of 30.5. The company has a Price to Book ratio of 6.81.

Aritzia, Inc. is a design house and fashion retailer, which designs apparels and accessories for its collection sold under the Aritzia brand. It operates through Canada and United States geographical segmentsThe company was founded by Brian Hill in 1984 and is headquartered in Vancouver, Canada.

The company’s shares closed on Monday at C$18.98, close to its 52-week high of C$19.50.