National Bank Financial Boosts Gildan Activewear (GIL) Price Target to C$44.00
Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price upped by National Bank Financial from C$42.00 to C$44.00 in a report released on Monday. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $2.37 EPS.
Several other brokerages have also recently issued reports on GIL. Stifel Nicolaus upped their target price on Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th. BMO Capital Markets dropped their target price on Gildan Activewear from C$34.00 to C$30.00 and set a market perform rating for the company in a report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of C$39.50.
Shares of Gildan Activewear (TSE:GIL) opened at C$41.23 on Monday. The stock has a market capitalization of $9,050.00, a price-to-earnings ratio of 19.92 and a beta of 0.37. Gildan Activewear has a twelve month low of C$30.97 and a twelve month high of C$42.18.
In other news, Director Michael Hoffman sold 30,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total transaction of C$1,152,300.00. Also, insider Jonathan Roiter sold 3,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$38.25, for a total value of C$114,750.00. Over the last 90 days, insiders sold 99,136 shares of company stock valued at $3,813,615.
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About Gildan Activewear
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.
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