Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL was upgraded by equities research analysts at UBS Group from a "hold" rating to a "strong-buy" rating in a note issued to investors on Friday,Zacks.com reports.
A number of other equities analysts have also commented on GIL. National Bankshares increased their price target on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Citigroup raised their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$57.20.
Check Out Our Latest Research Report on GIL
Gildan Activewear Price Performance
Shares of GIL stock traded up C$2.06 during trading hours on Friday, reaching C$69.67. The stock had a trading volume of 338,039 shares, compared to its average volume of 223,673. The stock's fifty day simple moving average is C$68.38 and its 200 day simple moving average is C$62.10. The firm has a market capitalization of C$11.33 billion, a PE ratio of 21.31, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 12 month low of C$41.32 and a 12 month high of C$71.10. The company has a current ratio of 2.35, a quick ratio of 0.87 and a debt-to-equity ratio of 72.52.
Insider Buying and Selling
In related news, Senior Officer Benito Masi sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total value of C$693,102.00. Also, Director Michener Chandlee acquired 736 shares of the stock in a transaction on Monday, November 4th. The shares were bought at an average price of C$67.83 per share, with a total value of C$49,920.57. 2.26% of the stock is owned by insiders.
About Gildan Activewear
(
Get Free Report)
Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.
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