Gildan Activewear (TSE:GIL) Rating Increased to Strong-Buy at BMO Capital Markets

Gildan Activewear (TSE:GIL) (NYSE:GIL) was upgraded by BMO Capital Markets to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

A number of other analysts have also issued reports on GIL. National Bankshares boosted their target price on Gildan Activewear from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday. Desjardins boosted their target price on Gildan Activewear from C$55.00 to C$63.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, TD Securities boosted their price target on shares of Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$54.00.

Gildan Activewear Trading Down 3.6 %

Shares of GIL stock traded down C$2.04 during trading on Friday, hitting C$55.26. 733,297 shares of the stock traded hands, compared to its average volume of 331,557. The firm has a market capitalization of C$9.32 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 3.54 and a beta of 1.63. The company has a debt-to-equity ratio of 64.76, a current ratio of 2.38 and a quick ratio of 0.87. The firm’s fifty day moving average price is C$52.76 and its 200-day moving average price is C$49.07. Gildan Activewear has a 52-week low of C$36.42 and a 52-week high of C$58.00.

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total value of C$161,200.13. In other Gildan Activewear news, Director Ghislain Houle purchased 9,625 shares of the stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of C$51.83 per share, for a total transaction of C$498,834.88. Also, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$37.06, for a total transaction of C$161,200.13. 2.17% of the stock is currently owned by insiders.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.