Gildan Activewear (TSE:GIL) Given a C$95.00 Price Target by Desjardins Analysts

Gildan Activewear (TSE:GIL) (NYSE:GIL) received a C$95.00 price target from equities research analysts at Desjardins in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 8.60% from the stock’s current price.

Several other equities analysts have also weighed in on GIL. TD Securities increased their target price on Gildan Activewear from C$73.00 to C$74.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. National Bankshares increased their price target on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Citigroup lowered shares of Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from C$60.00 to C$63.00 in a research note on Monday, October 20th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$81.00.

Gildan Activewear Price Performance

Shares of GIL stock opened at C$87.48 on Friday. Gildan Activewear has a 52-week low of C$52.77 and a 52-week high of C$90.06. The stock has a market cap of C$16.20 billion, a PE ratio of 28.13, a PEG ratio of 4.55 and a beta of 1.45. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The firm’s 50 day moving average price is C$82.12 and its two-hundred day moving average price is C$76.12.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its earnings results on Wednesday, October 29th. The company reported C$1.00 EPS for the quarter. The company had revenue of C$1.27 billion during the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. As a group, analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current year.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.