Gildan Activewear Inc (GIL) Receives Average Recommendation of “Hold” from Analysts

Shares of Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$39.50.

Several analysts have issued reports on GIL shares. National Bank Financial upped their price target on shares of 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 dropped their price target on shares of 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 upped their price target on shares of Gildan Activewear from C$34.00 to C$37.00 in a research report on Friday, December 15th.

In other Gildan Activewear news, Director Michael Hoffman sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total value of C$1,152,300.00. Also, insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total transaction of C$114,750.00. Insiders have sold 99,136 shares of company stock worth $3,813,615 over the last ninety days.

Shares of Gildan Activewear (GIL) opened at C$39.51 on Friday. Gildan Activewear has a 1 year low of C$31.49 and a 1 year high of C$42.18. The stock has a market cap of $8,970.00, a price-to-earnings ratio of 18.81 and a beta of 0.39.

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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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