Desjardins Increases Gildan Activewear (GIL) Price Target to C$41.50

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price target raised by analysts at Desjardins from C$41.00 to C$41.50 in a note issued to investors on Friday. Desjardins’ price target would indicate a potential upside of 6.71% from the company’s previous close.

Separately, National Bank Financial reduced their price objective on Gildan Activewear from C$44.00 to C$42.00 and set a “sector perform” rating for the company in a research note on Friday, February 23rd. Six analysts have rated the stock with a hold rating, Gildan Activewear currently has a consensus rating of “Hold” and an average price target of C$38.67.

Shares of Gildan Activewear opened at C$38.89 on Friday, Marketbeat.com reports. Gildan Activewear has a 1 year low of C$35.72 and a 1 year high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported C$0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.02). The business had revenue of C$818.27 million during the quarter, compared to the consensus estimate of C$842.61 million. Gildan Activewear had a net margin of 8.41% and a return on equity of 10.70%.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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