Gildan Activewear Inc (TSE:GIL) Price Target Cut to C$30.00

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.

WARNING: “Gildan Activewear Inc (TSE:GIL) Price Target Cut to C$30.00” was first published by BBNS and is the property of of BBNS. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://baseballnewssource.com/markets/bmo-capital-markets-cuts-gildan-activewear-inc-gil-price-target-to-c30-00/1755178.html.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.121 per share. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 15th. Gildan Activewear’s payout ratio is 16.75%.

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.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

Receive News & Ratings for Gildan Activewear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.