Canada Goose (TSE:GOOS) Shares Pass Below 50-Day Moving Average of $17.84

Canada Goose Holdings Inc. (TSE:GOOS)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$17.84 and traded as low as C$15.66. Canada Goose shares last traded at C$15.93, with a volume of 248,439 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. CIBC lifted their price target on shares of Canada Goose from C$20.00 to C$21.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Wedbush set a C$21.00 target price on shares of Canada Goose and gave the stock an “outperform” rating in a report on Friday, July 19th. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Canada Goose from C$16.00 to C$19.00 and gave the stock an “equal weight” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$19.83.

Canada Goose Stock Up 1.0 %

The company has a current ratio of 2.39, a quick ratio of 0.69 and a debt-to-equity ratio of 171.99. The stock’s 50-day moving average is C$17.84 and its 200-day moving average is C$16.96. The company has a market cap of C$725.45 million, a price-to-earnings ratio of 27.95, a P/E/G ratio of 0.61 and a beta of 1.41.

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, Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.