Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) had its price target lowered by BMO Capital Markets from C$34.00 to C$30.00 in a report released on Friday, November 3rd. The firm currently has a market perform rating on the stock.
A number of other brokerages also recently issued reports on GIL. Royal Bank Of Canada downgraded shares of Gildan Activewear from an outperform rating to a sector perform rating and set a C$40.00 price target for the company. in a report on Wednesday, July 12th. Canaccord Genuity downgraded shares of Gildan Activewear from a buy rating to a hold rating in a report on Thursday, July 13th. National Bank Financial downgraded shares of Gildan Activewear from an outperform rating to a sector perform rating and raised their price target for the stock from C$40.00 to C$41.00 in a report on Friday, August 4th. Finally, TD Securities downgraded shares of Gildan Activewear from a buy rating to a hold rating and set a C$41.50 target price for the company. in a report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$39.58.
Gildan Activewear (TSE GIL) traded down C$0.21 during mid-day trading on Friday, reaching C$39.80. 310,362 shares of the company’s stock were exchanged, compared to its average volume of 691,345. Gildan Activewear has a 12 month low of C$30.97 and a 12 month high of C$42.18.
In other news, Director Glenn J. Chamandy sold 54,000 shares of Gildan Activewear stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total transaction of C$2,075,760.00. Also, insider Jonathan Roiter sold 3,000 shares of Gildan Activewear stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$38.25, for a total transaction of C$114,750.00. Over the last ninety days, insiders have sold 99,136 shares of company stock valued at $3,813,615.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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