Desjardins Increases Gildan Activewear (GIL) Price Target to C$48.00
Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective increased by investment analysts at Desjardins from C$46.00 to C$48.00 in a research report issued on Wednesday. Desjardins’ target price indicates a potential downside of 0.35% from the company’s previous close. Desjardins also issued estimates for Gildan Activewear’s Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.82 EPS and FY2019 earnings at $2.61 EPS.
GIL has been the subject of a number of other research reports. Citigroup boosted their price target on Gildan Activewear from C$43.00 to C$46.00 in a research report on Monday, December 3rd. National Bank Financial boosted their price target on Gildan Activewear from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Friday, February 15th. Finally, BMO Capital Markets boosted their price target on Gildan Activewear from C$33.00 to C$36.00 in a research report on Friday, February 22nd.
Shares of TSE:GIL opened at C$48.17 on Wednesday. The firm has a market capitalization of $9.93 billion and a PE ratio of 29.04. The company has a quick ratio of 1.21, a current ratio of 3.99 and a debt-to-equity ratio of 36.26. Gildan Activewear has a 52 week low of C$33.03 and a 52 week high of C$49.50.
In other Gildan Activewear news, Director Glenn J. Chamandy sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of C$47.21, for a total transaction of C$3,540,750.00. Following the completion of the sale, the director now owns 192,625 shares of the company’s stock, valued at C$9,093,826.25. Also, Director Michael Hoffman sold 35,504 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of C$46.41, for a total value of C$1,647,740.64. Following the sale, the director now directly owns 30,056 shares of the company’s stock, valued at approximately C$1,394,898.96. In the last three months, insiders have sold 120,504 shares of company stock valued at $5,652,591.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.
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