Scotiabank analyst George Doumet maintained a Buy rating on Gildan Activewear (GIL – Research Report) today and set a price target of $40.50. The company’s shares closed yesterday at $37.10.
According to TipRanks, Doumet is a 3-star analyst with an average return of 1.3% and a 49.00% success rate. Doumet covers the Consumer Cyclical sector, focusing on stocks such as Gildan Activewear, Restaurant Brands International, and Dollarama.
In addition to Scotiabank, Gildan Activewear also received a Buy from National Bank’s Vishal Shreedhar in a report issued on March 20. However, on the same day, Stifel Nicolaus maintained a Hold rating on Gildan Activewear (NYSE: GIL).
GIL market cap is currently $6.26B and has a P/E ratio of 12.23.
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Gildan Activewear (GIL) Company Description:
Gildan Activewear, Inc. engages in the manufacture and sale of printwear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand name Gildan, American Apparel, Comfort Colors, Gold Toe, Anvil, Secret, Silks, Kushyfoot, Peds, and Mossy Oak. The company was founded by Glenn J. Chamandy and H. Gregory Chamandy on May 8, 1984 and is headquartered in Montréal, Canada.
Read More on GIL:
- Gildan Activewear shareholder Turtle Creek sees company value at over $60/shr
- Gildan Activewear price target raised to C$58 from C$52 at National Bank
- Gildan Activewear holder Browning West says Board ‘reconstitution’ needed
- M&A News: Gildan (NYSE:GI) is Up for Sale; Shares Jump
- Gildan Activewear Explores Acquisition Proposal
