Today The Gildan Activewear Inc (GIL) Given Outperform Rating at Scotiabank

Today The Gildan Activewear Inc (GIL) Given Outperform Rating at Scotiabank

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.

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