Royal Bank Of Canada Reiterates “Outperform” Rating for Gildan Activewear Inc (GIL)
Gildan Activewear Inc (TSE:GIL)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Monday, StockTargetPrices.com reports. They currently have a C$44.50 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 25.81% from the stock’s current price.
Several other brokerages have also recently issued reports on GIL. Desjardins reaffirmed a “buy” rating on shares of Gildan Activewear in a research note on Thursday, July 7th. Scotiabank reissued an “outperform” rating and issued a C$44.00 target price on shares of Gildan Activewear in a research report on Thursday, July 28th. National Bank Financial lifted their target price on shares of Gildan Activewear from C$43.00 to C$45.00 in a research report on Tuesday, July 19th. Finally, TD Securities reissued a “buy” rating and issued a C$36.00 target price on shares of Gildan Activewear in a research report on Thursday, July 7th. Five analysts have rated the stock with a buy rating, Gildan Activewear currently has an average rating of “Buy” and an average price target of C$41.92.
Gildan Activewear (TSE:GIL) traded down 0.70% during midday trading on Monday, hitting $35.37. 294,380 shares of the stock traded hands. The firm has a market cap of $8.20 billion and a P/E ratio of 24.61. Gildan Activewear has a 1-year low of $31.24 and a 1-year high of $42.44. The company has a 50-day moving average price of $37.21 and a 200-day moving average price of $38.35.
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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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