Gildan Activewear Inc (GIL) Receives C$39.50 Consensus Target Price from Analysts
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$39.50.
A number of equities analysts have recently commented on GIL shares. Stifel Nicolaus lifted their target price on shares of Gildan Activewear from C$34.00 to C$37.00 in a report on Friday, December 15th. BMO Capital Markets cut their target price on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a report on Friday, November 3rd. Finally, National Bank Financial lifted their target price on shares of Gildan Activewear from C$42.00 to C$44.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd.
In related news, insider Jonathan Roiter sold 3,000 shares of Gildan Activewear stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of C$38.25, for a total value of C$114,750.00. Also, Director Glenn J. Chamandy sold 54,000 shares of Gildan Activewear stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total transaction of C$2,075,760.00. Over the last quarter, insiders sold 99,000 shares of company stock worth $3,808,410.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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