Aritzia (ATZ) Received its Third Buy in a Row

By Carrie Williams

Analysts have been quite happy with Aritzia (TSX: ATZ) stock lately, with several positive ratings in a row that it received in the past month alone. CIBC’s analyst Mark Petrie reiterates their Buy rating on the shares, with a C$22 price target.

Petrie has an average return of 10.8% when recommending Aritzia.

According to TipRanks.com, Petrie is ranked #244 out of 4850 analysts.

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Currently, the analyst consensus on Aritzia is a Strong Buy with an average price target of C$21.17.

Aritzia’s market cap is currently C$1.82B and has a P/E ratio of 29.4. The company has a Price to Book ratio of 6.02.

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 Wednesday at C$15.72.