Canada Goose (TSE:GOOS – Get Rating) had its price objective lowered by investment analysts at CIBC from C$45.00 to C$37.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 44.59% from the stock’s current price.
A number of other research firms have also recently weighed in on GOOS. Credit Suisse Group lowered their price target on Canada Goose to C$37.00 and set an “outperform” rating for the company in a report on Friday. CSFB decreased their price objective on Canada Goose from C$48.00 to C$37.00 in a research note on Friday. TD Securities lifted their price objective on Canada Goose from C$49.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company cut their target price on Canada Goose from C$45.00 to C$38.00 in a research report on Friday. Finally, Cowen cut their target price on Canada Goose from C$47.00 to C$38.00 in a research report on Friday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Canada Goose has an average rating of “Hold” and an average price target of C$39.33.
TSE GOOS traded down C$1.16 during mid-day trading on Friday, hitting C$25.59. The stock had a trading volume of 423,537 shares, compared to its average volume of 395,160. Canada Goose has a twelve month low of C$23.30 and a twelve month high of C$67.33. The stock has a market capitalization of C$2.74 billion and a price-to-earnings ratio of 26.42. The firm’s 50 day moving average is C$29.61 and its 200 day moving average is C$39.81. The company has a debt-to-equity ratio of 122.84, a current ratio of 2.36 and a quick ratio of 1.32.
Canada Goose Holdings Inc designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia, Europe, and internationally. It operates through three segments: Direct-to-Consumer, Wholesale, and Other. The company offers parkas, lightweight down jackets, rainwear, windwear, knitwear, footwear, and accessories for fall, winter, and spring seasons.
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