Gildan Activewear (TSE:GIL) Given a C$95.00 Price Target by Desjardins Analysts

Gildan Activewear (TSE:GIL) (NYSE:GIL) has been given a C$95.00 target price by analysts at Desjardins in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 8.61% from the company’s current price.

GIL has been the topic of a number of other research reports. Citigroup downgraded shares of Gildan Activewear from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$60.00 to C$63.00 in a report on Monday, October 20th. TD Securities increased their price target on shares of Gildan Activewear from C$73.00 to C$74.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, National Bankshares boosted their price objective on shares of Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$81.00.

Gildan Activewear Stock Performance

Shares of GIL stock traded down C$1.61 on Friday, reaching C$87.47. The stock had a trading volume of 481,761 shares, compared to its average volume of 482,349. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear has a 1 year low of C$52.77 and a 1 year high of C$90.06. The stock has a market cap of C$16.20 billion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 4.55 and a beta of 1.45. The company has a 50 day simple moving average of C$82.03 and a 200 day simple moving average of C$75.87.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Wednesday, October 29th. The company reported C$1.00 earnings per share for the quarter. The company had revenue of C$1.27 billion for the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. Equities research analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year.

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.