Gildan Activewear Inc (GIL) Rating Reiterated by Royal Bank Of Canada
Gildan Activewear Inc (TSE:GIL)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a report released on Monday, StockTargetPrices.com reports. They presently have a C$44.50 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 25.18% from the stock’s previous close.
Several other equities research analysts have also commented on GIL. TD Securities restated a “buy” rating and set a C$36.00 target price on shares of Gildan Activewear in a research report on Thursday, July 28th. National Bank Financial cut their price target on Gildan Activewear from C$45.00 to C$43.00 in a report on Thursday, July 28th. Scotiabank reiterated an “outperform” rating and issued a C$44.00 price target on shares of Gildan Activewear in a report on Thursday, July 28th. Finally, Desjardins reiterated a “buy” rating on shares of Gildan Activewear in a report on Thursday, July 7th. Five analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$41.92.
Shares of Gildan Activewear (TSE:GIL) traded down 0.45% on Monday, hitting $35.46. The stock had a trading volume of 42,530 shares. The company has a market capitalization of $8.22 billion and a price-to-earnings ratio of 24.68. The company has a 50-day moving average of $37.21 and a 200 day moving average of $38.35. Gildan Activewear has a 52 week low of $31.24 and a 52 week high of $42.44.
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Gildan Activewear Company Profile
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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