Gildan Activewear (GIL) PT Raised to C$44.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective hoisted by research analysts at National Bank Financial from C$42.00 to C$44.00 in a research report issued on Monday, January 22nd. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 13.20% from the stock’s previous close. National Bank Financial also issued estimates for Gildan Activewear’s Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $2.37 EPS.

GIL has been the topic of several other research reports. Stifel Nicolaus raised their target price on shares of Gildan Activewear from C$34.00 to C$37.00 in a research note on Friday, December 15th. BMO Capital Markets lowered their target price 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 note on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$39.50.

Gildan Activewear (TSE GIL) traded up C$0.49 during trading on Monday, reaching C$38.87. 550,326 shares of the company’s stock traded hands, compared to its average volume of 502,757. The firm has a market cap of $8,530.00, a PE ratio of 18.42 and a beta of 0.39. Gildan Activewear has a 52-week low of C$32.32 and a 52-week high of C$42.18.

In other Gildan Activewear news, insider Jonathan Roiter sold 12,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$38.80, for a total value of C$465,600.00. Also, Director Glenn J. Chamandy sold 54,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$38.44, for a total transaction of C$2,075,760.00.

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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.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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