Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target raised by equities research analysts at National Bank Financial from C$42.00 to C$44.00 in a report issued on Monday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 5.04% from the stock’s previous close.
Several other research analysts also recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from C$34.00 to C$37.00 in a research report on Friday, December 15th. BMO Capital Markets lowered their price objective on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a research report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$39.50.
Shares of Gildan Activewear (TSE:GIL) traded up C$1.10 on Monday, reaching C$41.89. 753,320 shares of the company’s stock traded hands, compared to its average volume of 363,798. Gildan Activewear has a 1-year low of C$30.97 and a 1-year high of C$42.18. The firm has a market capitalization of $9,200.00, a P/E ratio of 20.14 and a beta of 0.37.
In other Gildan Activewear news, Director Glenn J. Chamandy sold 54,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total transaction of C$2,075,760.00. Also, insider Jonathan Roiter sold 12,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$38.80, for a total transaction of C$465,600.00. In the last ninety days, insiders have sold 99,136 shares of company stock worth $3,813,615.
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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.
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