Cfra Research Upgrades Gildan Activewear (TSE:GIL) to Hold

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 analysts at Cfra Research to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts also recently commented on GIL. National Bankshares decreased their price objective on Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. Scotiabank upgraded Gildan Activewear to a "strong-buy" rating in a report on Wednesday, May 28th. Royal Bank Of Canada upgraded Gildan Activewear to a "moderate buy" rating in a report on Tuesday. Barclays upgraded Gildan Activewear to a "strong-buy" rating in a report on Monday, April 28th. Finally, Desjardins decreased their price objective on Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$68.67.

Gildan Activewear Trading Up 0.4%

TSE GIL opened at C$72.67 on Monday. The stock's 50-day simple moving average is C$67.99 and its two-hundred day simple moving average is C$67.64. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$79.11. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The company has a market capitalization of C$7.89 billion, a price-to-earnings ratio of 19.49, 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 Gildan Activewear stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of C$68.66, for a total transaction of C$1,029,840.00. Company 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.

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