National Bankshares Forecasts Strong Price Appreciation for Gildan Activewear (TSE:GIL) Stock

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective boosted by stock analysts at National Bankshares from C$91.00 to C$92.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 8.75% from the company’s current price.

Several other brokerages have also recently commented on GIL. Cfra Research raised shares of Gildan Activewear to a “hold” rating in a research note on Monday, August 4th. TD Securities boosted their price target on shares of Gildan Activewear from C$60.00 to C$67.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Royal Bank Of Canada raised shares of Gildan Activewear to a “moderate buy” rating in a report on Tuesday, August 5th. Finally, Citigroup downgraded Gildan Activewear from a “buy” rating to a “neutral” rating and increased their price objective for the stock from C$60.00 to C$63.00 in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$75.50.

Gildan Activewear Stock Down 0.4%

GIL stock opened at C$84.60 on Thursday. The stock has a 50-day simple moving average of C$79.39 and a two-hundred day simple moving average of C$70.84. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$86.84. The firm has a market capitalization of C$12.61 billion, a PE ratio of 27.12, a PEG ratio of 4.55 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26.

Insider Transactions at Gildan Activewear

In related news, insider Benito Masi sold 15,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$75.07, for a total value of C$1,126,017.00. Following the transaction, the insider owned 359,421 shares of the company’s stock, valued at C$26,980,943.74. This represents a 4.01% decrease in their ownership of the stock. Company insiders own 2.26% of the company’s stock.

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.