Canada Goose (GOOS) Reaches New 52-Week High on Analyst Upgrade

Canada Goose Holdings Inc (TSE:GOOS) reached a new 52-week high on Thursday after BMO Capital Markets raised their price target on the stock from C$33.00 to C$40.00. The company traded as high as C$37.30 and last traded at C$35.68, with a volume of 130039 shares traded. The stock had previously closed at C$35.23.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada lifted their target price on Canada Goose from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. TD Securities lifted their target price on Canada Goose from C$29.00 to C$30.00 in a report on Monday, October 23rd. Cowen reissued an “outperform” rating on shares of Canada Goose in a report on Friday, November 17th. Barclays lifted their target price on Canada Goose from C$34.00 to C$36.00 in a report on Monday, November 13th. Finally, CIBC raised their price target on Canada Goose from C$32.00 to C$35.00 in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$31.36.

In other news, insider Carrie Baker sold 40,650 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of C$34.30, for a total transaction of C$1,394,295.00.

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Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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