Gildan Activewear Inc (GIL) Receives Average Recommendation of “Hold” from Analysts

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) has earned a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$39.21.

GIL has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Gildan Activewear from C$34.00 to C$37.00 in a research note on Friday, December 15th. BMO Capital Markets lowered their price objective on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a research note on Friday, November 3rd. Finally, National Bank Financial increased their price objective on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd.

Shares of Gildan Activewear (GIL) opened at C$40.60 on Monday. The company has a market capitalization of $8,910.00, a P/E ratio of 19.33 and a beta of 0.37. Gildan Activewear has a 52 week low of C$30.97 and a 52 week high of C$42.18.

In other news, Director Michael Hoffman sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total value of C$1,152,300.00. Also, insider Jonathan Roiter sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total value of C$114,750.00. Over the last three months, insiders sold 99,136 shares of company stock valued at $3,813,615.

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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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