Gildan Activewear (TSE:GIL) PT Raised to C$43.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price boosted by National Bank Financial from C$40.00 to C$43.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Desjardins reaffirmed a buy rating on shares of Gildan Activewear in a research report on Saturday, November 30th.

TSE:GIL opened at C$39.24 on Tuesday. The firm has a market capitalization of $7.90 billion and a price-to-earnings ratio of 28.11. Gildan Activewear has a twelve month low of C$30.81 and a twelve month high of C$53.33. The stock’s 50 day moving average price is C$38.41 and its two-hundred day moving average price is C$43.20. The company has a quick ratio of 1.54, a current ratio of 4.18 and a debt-to-equity ratio of 53.51.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.70 by C($0.01). The business had revenue of C$976.57 million during the quarter, compared to analysts’ expectations of C$976.80 million. As a group, analysts anticipate that Gildan Activewear will post 2.0899999234508 earnings per share for the current year.

In other Gildan Activewear news, Senior Officer Benito Masi sold 17,260 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$35.53, for a total transaction of C$613,192.57. Following the transaction, the insider now owns 172,392 shares of the company’s stock, valued at approximately C$6,124,536.11.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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