Gildan Activewear (TSE:GIL) Price Target Raised to C$85.00 at National Bankshares

Key Points

• National Bankshares has raised the price target for Gildan Activewear from C$80.00 to C$85.00, indicating a potential upside of 9.23% from the current price.
• The stock has an average rating of "Buy" from analysts, with one hold rating, three buy ratings, and three strong buy ratings.
• Gildan Activewear's stock increased by 2.9%, reaching C$77.82, with a market capitalization of C$8.45 billion.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL had its price objective hoisted by research analysts at National Bankshares from C$80.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 9.23% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Desjardins reduced their price objective on shares of 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. Royal Bank Of Canada raised shares of Gildan Activewear to a "moderate buy" rating in a research note on Tuesday, August 5th. Cfra Research raised shares of Gildan Activewear to a "hold" rating in a research note on Monday, August 4th. Scotiabank raised shares of Gildan Activewear to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, Barclays raised shares of Gildan Activewear to a "strong-buy" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$73.00.

Gildan Activewear Stock Up 2.9%

TSE:GIL traded up C$2.20 during trading hours on Thursday, reaching C$77.82. The company's stock had a trading volume of 581,124 shares, compared to its average volume of 426,759. The company has a market capitalization of C$8.45 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 12 month low of C$52.77 and a 12 month high of C$79.61. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The stock has a 50 day moving average price of C$68.63 and a two-hundred day moving average price of C$67.58.

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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