Gildan Activewear (TSE:GIL) Hits New 12-Month High at $40.61

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$40.61 and last traded at C$40.41, with a volume of 108763 shares trading hands. The stock had previously closed at C$40.04.

Several brokerages recently issued reports on GIL. UBS Group raised Gildan Activewear from a “neutral” rating to an “outperform” rating in a research note on Wednesday. National Bank Financial raised their price target on shares of Gildan Activewear from C$40.00 to C$43.00 and gave the stock an “outperform” rating in a report on Monday, March 1st. TD Securities reaffirmed a “buy” rating and set a C$36.00 price objective on shares of Gildan Activewear in a research report on Tuesday, March 2nd. Finally, Royal Bank of Canada increased their target price on shares of Gildan Activewear to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, January 15th. Five investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of C$36.67.

The company has a market capitalization of C$8.27 billion and a PE ratio of -36.56. The company has a debt-to-equity ratio of 71.91, a quick ratio of 2.21 and a current ratio of 4.30. The stock has a 50 day moving average price of C$37.95 and a two-hundred day moving average price of C$33.76.

About Gildan Activewear (TSE:GIL)

Gildan Activewear Inc manufactures and sells various apparel products in the United States, Canada, and internationally. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sport shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Anvil by Gildan, Alstyle, Prim + Preux, and GoldToe brands.

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