Gildan Activewear (TSE:GIL) Upgraded at Cfra Research

Key Points

• Cfra Research upgraded Gildan Activewear to a "hold" rating, indicating a neutral outlook on the stock.
• Several other analysts have varying ratings on Gildan, with one hold, three buy, and three strong buy ratings, reflecting mixed investor sentiment.
• The company's market capitalization stands at C$7.89 billion, with a current stock price of C$72.67 and notable price objectives ranging between C$72.00 and C$80.00 from different analysts.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL was upgraded by stock analysts at Cfra Research to a "hold" rating in a report issued on Monday, August 4th,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Scotiabank raised Gildan Activewear to a "strong-buy" rating in a research report on Wednesday, May 28th. Desjardins cut their price target on Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Barclays upgraded Gildan Activewear to a "strong-buy" rating in a research report on Monday, April 28th. Royal Bank Of Canada upgraded Gildan Activewear to a "moderate buy" rating in a research report on Tuesday, August 5th. Finally, National Bankshares lowered their price target on Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$68.67.

Gildan Activewear Stock Down 0.5%

Gildan Activewear stock traded down C$0.38 during trading hours on Monday, reaching C$70.58. The stock had a trading volume of 72,015 shares, compared to its average volume of 415,782. Gildan Activewear has a 52 week low of C$52.77 and a 52 week high of C$79.11. The business's 50 day moving average price is C$68.22 and its 200-day moving average price is C$67.55. 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 company has a market cap of C$7.66 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 4.55 and a beta of 1.64.

Insider Activity at Gildan Activewear

In related news, Senior Officer Benito Masi sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of C$68.66, for a total transaction of C$1,029,840.00. Insiders own 2.26% of the company's stock.

About Gildan Activewear

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.