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What Are Analysts Saying About the Stock Aritzia Inc.?

What Are Analysts Saying About the Stock Aritzia Inc.?

Aritzia Inc. (TSE:ATZ) Receives Average Rating of “Moderate Buy” from Analysts

Analysts are cautiously optimistic about Aritzia Inc. (TSE:ATZ) as they assign an average recommendation of “Moderate Buy” to the stock.

Analyst Ratings

Out of eight ratings firms, one analyst has given the stock a sell recommendation, one a hold recommendation, and six a buy recommendation. The average twelve-month price target among analysts is C$41.60.

Price Target Adjustments

Several research analysts have recently adjusted their price targets for Aritzia.

Financial Performance

Aritzia has reported strong financial performance recently.

Valuation

Based on traditional valuation metrics, Aritzia is currently trading at:

Insider Activity

In May 2023, Senior Officer David John Maciver sold 173,254 shares of the company’s stock, valued at over C$6.3 million. Insiders currently own 0.55% of the company.

Conclusion

Analysts are generally positive about Aritzia’s prospects, assigning a “Moderate Buy” rating to the stock. However, investors should note the stock’s relatively high valuation and consider it in the context of their own investment goals and risk tolerance before making any investment decisions.

also read:What are the financial highlights of Strategic Education, Inc. for the first quarter of 2024?

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