Canada Goose (TSE:GOOS) Rating Increased to Buy at TD Securities

Key Points

• TD Securities has upgraded Canada Goose's rating from "hold" to "buy" and set a new price objective of C$25.00, up from C$22.00, indicating an 18.15% upside potential from its current price.
• On Monday, shares of Canada Goose increased by C$2.61, closing at C$21.16, with trading volume significantly above its average.
• Canada Goose operates primarily through its Direct to Consumer (DTC) segment, which is a key revenue driver stemming from e-commerce platforms and luxury retail stores.

Canada Goose (TSE:GOOS - Get Free Report) was upgraded by analysts at TD Securities from a "hold" rating to a "buy" rating in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a C$25.00 price objective on the stock, up from their prior price objective of C$22.00. TD Securities' price objective suggests a potential upside of 18.15% from the stock's current price.

Canada Goose Price Performance

Shares of TSE:GOOS traded up C$2.61 during trading on Monday, reaching C$21.16. The stock had a trading volume of 448,025 shares, compared to its average volume of 276,439. Canada Goose has a 1-year low of C$9.54 and a 1-year high of C$21.16. The company has a debt-to-equity ratio of 168.00, a quick ratio of 0.69 and a current ratio of 2.01. The stock has a market cap of C$2.05 billion, a PE ratio of 44.08, a PEG ratio of 0.61 and a beta of 2.36. The business has a fifty day moving average price of C$17.25 and a 200-day moving average price of C$14.69.

Canada Goose Company Profile

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations.

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