Gildan Activewear Inc (GIL) Given Consensus Recommendation of “Hold” by Brokerages

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$39.21.

A number of equities research analysts recently weighed in on the company. National Bank Financial boosted their price objective on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. BMO Capital Markets reduced their price objective on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a research report on Friday, November 3rd. Finally, Stifel Nicolaus boosted their price objective on Gildan Activewear from C$34.00 to C$37.00 in a research report on Friday, December 15th.

In other Gildan Activewear news, Director Glenn J. Chamandy sold 54,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$38.44, for a total value of C$2,075,760.00. Also, insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total value of C$114,750.00. Insiders have sold a total of 99,136 shares of company stock worth $3,813,615 in the last 90 days.

Gildan Activewear (GIL) opened at C$40.60 on Monday. Gildan Activewear has a fifty-two week low of C$30.97 and a fifty-two week high of C$42.18. The company has a market capitalization of $8,910.00, a price-to-earnings ratio of 19.33 and a beta of 0.37.

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About Gildan Activewear

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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