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

Gildan Activewear (TSE:GIL) (NYSE:GIL) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

GIL has been the subject of several other research reports. TD Securities increased their price objective on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a report on Friday. National Bankshares lifted their price objective on shares of Gildan Activewear from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Desjardins increased their target price on Gildan Activewear from C$55.00 to C$63.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$54.00.

Gildan Activewear Stock Down 3.6 %

GIL traded down C$2.04 on Friday, hitting C$55.26. 733,297 shares of the company were exchanged, compared to its average volume of 331,557. The stock’s fifty day moving average is C$52.76 and its 200-day moving average is C$49.07. Gildan Activewear has a 12 month low of C$36.42 and a 12 month high of C$58.00. The company has a debt-to-equity ratio of 64.76, a quick ratio of 0.87 and a current ratio of 2.38. The company has a market cap of C$9.32 billion, a PE ratio of 14.22, a PEG ratio of 3.54 and a beta of 1.63.

Insiders Place Their Bets

In related news, Senior Officer Juan Carlos Contreras Contreras Y. Contreras sold 4,350 shares of the firm’s stock in a transaction dated 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 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. Also, Director Ghislain Houle bought 9,625 shares of the stock in a transaction dated Monday, June 3rd. The stock was purchased at an average price of C$51.83 per share, with a total value of C$498,834.88. Corporate insiders own 2.17% of the company’s stock.

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.