Canaccord Genuity Believes Aritzia (TSX: ATZ) Still Has Room to Grow

By Jason Carr

Aritzia (TSX: ATZ), the Services sector company, was revisited by a Wall Street analyst today. Canaccord Genuity’s analyst Camilo Lyon reiterates their Buy rating on the shares, with a C$20 price target.

According to TipRanks.com, Lyon is a 3-star analyst with an average return of 2.3% and a 50.0% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Sequential Brands.

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Aritzia has an analyst consensus of Moderate Buy, with a price target consensus of C$20.

The company has a one-year high of C$16.44 and a one-year low of C$10.10. Currently, Aritzia has an average volume of 117.3K.

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$16.20, close to its 52-week high of C$16.44.