Gildan Activewear Inc (GIL) Given Average Recommendation of “Hold” by Analysts
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$39.21.
Several analysts have issued reports on GIL shares. National Bank Financial boosted their price target on Gildan Activewear from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. BMO Capital Markets cut their price target on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. Finally, Stifel Nicolaus boosted their price target on Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th.
Shares of Gildan Activewear (TSE:GIL) opened at C$41.29 on Thursday. Gildan Activewear has a fifty-two week low of C$30.97 and a fifty-two week high of C$42.18.
In other news, insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of C$38.25, for a total transaction of C$114,750.00. Also, Director Glenn J. Chamandy sold 54,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total value of C$2,075,760.00. Over the last 90 days, insiders have sold 99,136 shares of company stock worth $3,813,615.
About Gildan Activewear
Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.
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