Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) had its price objective boosted by equities researchers at National Bank Financial from C$41.00 to C$42.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 13.42% from the stock’s previous close.

A number of other equities analysts also recently commented on GIL. TD Securities downgraded Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 price objective on the stock. in a research report on Friday, August 4th. BMO Capital Markets reiterated an “outperform” rating and set a C$34.00 price objective on shares of Gildan Activewear in a research report on Friday, August 4th. Canaccord Genuity downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada downgraded Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a C$40.00 price objective on the stock. in a research report on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Gildan Activewear has a consensus rating of “Hold” and an average price target of C$39.58.

Shares of Gildan Activewear (TSE GIL) traded down C$0.41 during trading on Friday, reaching C$37.03. The company had a trading volume of 1,250,000 shares, compared to its average volume of 631,893. Gildan Activewear has a 52-week low of C$30.97 and a 52-week high of C$42.18.

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In related news, Director Glenn J. Chamandy sold 136,700 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$38.78, for a total transaction of C$5,301,226.00. Also, Director George Jason Heller bought 2,500 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of C$38.58 per share, with a total value of C$96,450.00. Insiders sold 227,300 shares of company stock valued at $8,567,256 over the last ninety days.

Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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