Gildan Activewear (TSE:GIL) Price Target Raised to C$67.00 at TD Securities

Key Points

• TD Securities has raised its price target for Gildan Activewear to C$67.00, indicating a potential downside of 12.43% from the current price.
• Other analysts, including Royal Bank Of Canada and Scotiabank, have issued positive ratings, with many upgrading Gildan's stock to "strong-buy" or "buy" levels.
• Gildan has demonstrated solid performance metrics, featuring a market capitalization of C$11.40 billion and a PE ratio of 24.52.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL had its price objective boosted by stock analysts at TD Securities from C$60.00 to C$67.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential downside of 12.43% from the company's current price.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada raised Gildan Activewear to a "moderate buy" rating in a research report on Tuesday, August 5th. Scotiabank upgraded shares of Gildan Activewear to a "strong-buy" rating in a report on Wednesday, May 28th. Cfra Research upgraded shares of Gildan Activewear to a "hold" rating in a research report on Monday, August 4th. Finally, National Bankshares increased their price objective on shares of Gildan Activewear from C$80.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$71.50.

Gildan Activewear Price Performance

Shares of GIL traded down C$0.36 during trading hours on Monday, reaching C$76.51. 188,020 shares of the company traded hands, compared to its average volume of 424,070. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. Gildan Activewear has a fifty-two week low of C$52.77 and a fifty-two week high of C$79.61. The stock has a fifty day simple moving average of C$72.35 and a 200 day simple moving average of C$67.73. The stock has a market capitalization of C$11.40 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 4.55 and a beta of 1.27.

Gildan Activewear Company Profile

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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