Gildan Activewear (TSE:GIL) PT Set at C$95.00 by Desjardins

Gildan Activewear (TSE:GIL) (NYSE:GIL) has been given a C$95.00 price objective by research analysts at Desjardins in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 8.61% from the company’s current price.

Several other equities research analysts have also recently issued reports on GIL. TD Securities lifted their target price on Gildan Activewear from C$73.00 to C$74.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. National Bankshares raised their price target on Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from C$60.00 to C$63.00 in a research note on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$81.00.

Gildan Activewear Price Performance

Shares of GIL stock traded down C$1.61 during mid-day trading on Friday, hitting C$87.47. The company had a trading volume of 481,761 shares, compared to its average volume of 482,349. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87. The stock’s 50 day moving average price is C$82.03 and its 200-day moving average price is C$75.87. Gildan Activewear has a 52-week low of C$52.77 and a 52-week high of C$90.06. The company has a market capitalization of C$16.20 billion, a P/E ratio of 28.13, a P/E/G ratio of 4.55 and a beta of 1.45.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. The company had revenue of C$1.27 billion during the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. Equities research analysts forecast that Gildan Activewear will post 4.5460385 earnings per share for the current year.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.