Gildan Activewear Inc (GIL) Receives “Outperform” Rating from Scotiabank

Gildan Activewear Inc (GIL) Receives “Outperform” Rating from Scotiabank

Scotiabank reaffirmed their outperform rating on shares of Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) in a research note released on Tuesday morning. Scotiabank currently has a C$39.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada dropped their price objective on shares of Gildan Activewear from C$45.50 to C$43.00 and set an outperform rating on the stock in a research note on Friday, November 4th. National Bank Financial dropped their price objective on shares of Gildan Activewear from C$43.00 to C$42.00 and set an outperform rating on the stock in a research note on Thursday, October 20th. Finally, TD Securities dropped their price objective on shares of Gildan Activewear from C$33.00 to C$32.00 and set a buy rating on the stock in a research note on Sunday, November 6th. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$39.80.

Gildan Activewear (TSE:GIL) opened at 33.53 on Tuesday. Gildan Activewear has a 1-year low of $31.24 and a 1-year high of $41.48. The stock has a market capitalization of $7.77 billion and a P/E ratio of 23.55. The stock has a 50 day moving average of $34.35 and a 200 day moving average of $36.47.

About Gildan Activewear

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.

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