Is Buying Stock Like Gildan Activewear Inc After Such Increase Winning Strategy?

 Is Buying Stock Like Gildan Activewear Inc After Such Increase Winning Strategy?

The stock of Gildan Activewear Inc (TSE:GIL) is a huge mover today! About 1.01M shares traded hands or 122.85% up from the average. Gildan Activewear Inc (TSE:GIL) has declined 13.75% since March 30, 2016 and is downtrending. It has underperformed by 14.96% the S&P500.
The move comes after 8 months positive chart setup for the $8.27 billion company. It was reported on Nov, 3 by Barchart.com. We have $44.23 PT which if reached, will make TSE:GIL worth $2.15B more.

Gildan Activewear Inc (TSE:GIL) Ratings Coverage

Out of 3 analysts covering Gildan Activewear Inc. (TSE:GIL), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $47 is the highest target while $41 is the lowest. The $43.30 average target is 23.36% above today’s ($35.1) stock price. Gildan Activewear Inc. has been the topic of 10 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Monday, October 26 the stock rating was maintained by National Bank Canada with “Outperform”. As per Wednesday, July 20, the company rating was maintained by RBC Capital Markets. On Monday, October 17 the stock rating was maintained by RBC Capital Markets with “Outperform”.

More recent Gildan Activewear Inc (TSE:GIL) news were published by: Forbes.com which released: “Gildan Activewear is Oversold” on June 24, 2016. Also Zacks.com published the news titled: “Moving Average Crossover Alert: Gildan Activewear (GIL)” on November 02, 2016. Forbes.com‘s news article titled: “Relative Strength Alert For Gildan Activewear (GIL)” with publication date: October 17, 2016 was also an interesting one.

Gildan Activewear Inc. is a manufacturer and marketer of branded basic family apparel. The company has a market cap of $8.27 billion. The Company’s divisions include Printwear and Branded Apparel. It has a 18.14 P/E ratio. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear.

GIL.TO Company Profile

Gildan Activewear Inc., incorporated on May 8, 1984, is a maker and marketer of branded basic family apparel. The Company’s divisions include Printwear and Branded Apparel. The Firm offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Firm markets its products through approximately two main distribution channels. The Firm sells its products in printwear markets in the United States and Canada, as well as in Europe, Asia-Pacific and Latin America. The Company’s other main channel of distribution is in retail markets in the United States and Canada, where its products are sold to a range of retailers. It markets its products under a portfolio of brands, including the Gildan, Gold Toe, Anvil and Comfort Colors brands, and brand extensions, as well as the Secret, Silks and Therapy Plus brands. The Firm also has the United States sock license for Under Armour, and licenses for the Mossy Oak and New Balance brands. The Firm also makes for global athletic and lifestyle consumer brands.

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