Gildan Activewear Inc (GIL) Rating Reiterated by Scotiabank
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL)‘s stock had its “outperform” rating restated by investment analysts at Scotiabank in a report released on Tuesday. They presently have a C$39.00 price objective on the stock. Scotiabank’s price objective suggests a potential upside of 10.01% from the company’s current price.
A number of other equities research analysts have also recently commented on GIL. National Bank Financial lifted their price objective on Gildan Activewear from C$43.00 to C$45.00 in a research note on Tuesday, July 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$45.00 price objective on shares of Gildan Activewear in a research note on Wednesday, July 20th. Desjardins reaffirmed a “buy” rating and set a C$43.00 price objective on shares of Gildan Activewear in a research note on Thursday, July 28th. Finally, TD Securities reaffirmed a “buy” rating and set a C$36.00 price objective on shares of Gildan Activewear in a research note on Thursday, July 28th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$40.00.
Gildan Activewear (TSE:GIL) opened at 35.45 on Tuesday. The firm has a 50-day moving average price of $35.20 and a 200 day moving average price of $37.59. Gildan Activewear has a 12 month low of $31.24 and a 12 month high of $42.44. The firm has a market capitalization of $8.22 billion and a price-to-earnings ratio of 24.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.078 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.31 annualized dividend and a yield of 0.88%.
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.
Receive News & Stock Ratings for Gildan Activewear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc and related stocks with our FREE daily email newsletter.