Canada Goose (TSE:GOOS) Downgraded by Wells Fargo & Company to “Underperform”

Wells Fargo & Company downgraded shares of Canada Goose (TSE:GOOS) from an equal weight rating to an underperform rating in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has C$12.00 price target on the stock, down from their previous price target of C$16.00.

A number of other equities analysts have also weighed in on the company. TD Securities lowered their price objective on Canada Goose from C$21.00 to C$17.00 and set a hold rating on the stock in a research note on Friday, August 2nd. Barclays dropped their price objective on shares of Canada Goose from C$13.00 to C$12.00 and set an equal weight rating for the company in a report on Friday, August 2nd. Raymond James downgraded shares of Canada Goose from an outperform rating to a market perform rating in a research note on Tuesday, July 23rd. Finally, Wedbush set a C$21.00 price target on shares of Canada Goose and gave the company an outperform rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of C$17.17.

Canada Goose Trading Down 9.3 %

Shares of Canada Goose stock opened at C$14.81 on Tuesday. The company has a debt-to-equity ratio of 232.50, a current ratio of 2.14 and a quick ratio of 0.69. The stock’s 50 day simple moving average is C$15.16 and its 200-day simple moving average is C$16.29. The stock has a market cap of C$677.26 million, a P/E ratio of 26.93, a P/E/G ratio of 0.61 and a beta of 1.29. Canada Goose has a 1-year low of C$13.56 and a 1-year high of C$20.09.

About Canada Goose

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.