Desjardins Issues Positive Forecast for Gildan Activewear (TSE:GIL) Stock Price

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price hoisted by Desjardins from C$95.00 to C$108.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Separately, TD Securities upped their price target on Gildan Activewear from C$74.00 to C$77.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$85.00.

Gildan Activewear Stock Down 1.1%

Shares of TSE GIL opened at C$97.53 on Wednesday. The business has a 50-day moving average of C$91.20 and a two-hundred day moving average of C$83.81. The company has a market capitalization of C$18.06 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 4.55 and a beta of 1.41. Gildan Activewear has a 1 year low of C$52.77 and a 1 year high of C$100.44. The company has a debt-to-equity ratio of 101.26, a current ratio of 2.31 and a quick ratio of 0.87.

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.