Gildan Activewear (GIL) Upgraded to “Buy” by Desjardins

Gildan Activewear (TSE:GIL) (NYSE:GIL) was upgraded by investment analysts at Desjardins from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, National Bank Financial increased their price target on shares of Gildan Activewear from C$42.00 to C$43.00 and gave the company a “c$37.11” rating in a research report on Monday, July 23rd.

Shares of TSE GIL opened at C$41.28 on Friday. Gildan Activewear has a one year low of C$33.03 and a one year high of C$42.18.

In other news, insider Benito Masi sold 31,604 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of C$40.57, for a total value of C$1,282,174.28. Also, Director Michael Hoffman sold 31,878 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of C$41.00, for a total transaction of C$1,306,998.00.

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.

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