Scotiabank restated their outperform rating on shares of Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) in a research note issued to investors on Tuesday morning. The firm currently has a C$39.00 price target on the stock.
Several other analysts also recently issued reports on the company. National Bank Financial reduced their price target on Gildan Activewear from C$43.00 to C$42.00 and set an outperform rating for the company in a research note on Thursday, October 20th. TD Securities reduced their price target on Gildan Activewear from C$36.00 to C$33.00 and set a buy rating for the company in a research note on Monday, October 31st. Finally, Royal Bank Of Canada restated an outperform rating and issued a C$44.50 price target on shares of Gildan Activewear in a research note on Monday, October 17th. Five investment analysts have rated the stock with a buy rating, Gildan Activewear has an average rating of Buy and a consensus price target of C$39.80.
Shares of Gildan Activewear (TSE:GIL) traded up 1.63% during mid-day trading on Tuesday, hitting $33.60. The stock had a trading volume of 99,018 shares. Gildan Activewear has a 52 week low of $31.24 and a 52 week high of $41.48. The stock has a 50 day moving average price of $34.60 and a 200 day moving average price of $36.56. The firm has a market cap of $7.79 billion and a PE ratio of 23.60.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.