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TD Securities Maintains a Buy Rating on Aritzia (ATZ)


Aritzia (TSX: ATZ), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from TD Securities’ analyst Meaghen Annett, with a C$21 price target.

Annett has an average return of 8.5% when recommending Aritzia.

According to TipRanks.com, Annett is ranked #2143 out of 4886 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aritzia with a C$21.71 average price target, representing a 18.3% upside. In a report released today, 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$1.81B and has a P/E ratio of 29.4. The company has a Price to Book ratio of 6.01.

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 Friday at C$18.35.