Brokerages Set Gildan Activewear Inc (TSE:GIL) PT at $42.71
Gildan Activewear Inc (TSE:GIL) has been given an average rating of “Buy” by the seven ratings firms that are covering the firm. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is C$42.71.
Several equities research analysts recently weighed in on the stock. Scotiabank reiterated an “outperform” rating and set a C$44.00 price objective on shares of Gildan Activewear in a research note on Tuesday, July 5th. TD Securities reiterated a “buy” rating and set a C$36.00 price objective on shares of Gildan Activewear in a research note on Thursday, July 7th. Desjardins reiterated a “buy” rating on shares of Gildan Activewear in a research note on Thursday, July 7th. National Bank Financial increased their price objective on shares of Gildan Activewear from C$43.00 to C$45.00 in a research note on Tuesday, July 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$45.00 price objective on shares of Gildan Activewear in a research note on Wednesday, July 20th.
Shares of Gildan Activewear (TSE:GIL) opened at 37.09 on Monday. The firm has a 50-day moving average price of $37.92 and a 200-day moving average price of $38.55. Gildan Activewear has a 1-year low of $31.24 and a 1-year high of $42.44. The firm has a market capitalization of $8.60 billion and a PE ratio of 25.81.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Thursday, August 11th were paid a $0.078 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $0.31 annualized dividend and a dividend yield of 0.84%.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.
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