Gildan Activewear Inc Stock Is Crashing Now

 Gildan Activewear Inc Stock Is Crashing Now

The stock of Gildan Activewear Inc (TSE:GIL) is a huge mover today! About 101,758 shares traded hands. Gildan Activewear Inc (TSE:GIL) has declined 12.77% since April 5, 2016 and is downtrending. It has underperformed by 17.55% the S&P500.
The move comes after 9 months negative chart setup for the $8.13B company. It was reported on Nov, 9 by Barchart.com. We have $31.68 PT which if reached, will make TSE:GIL worth $569.10 million less.

Gildan Activewear Inc (TSE:GIL) Ratings Coverage

Out of 4 analysts covering Gildan Activewear Inc. (TSE:GIL), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $47 is the highest target while $32 is the lowest. The $39.83 average target is 16.94% above today’s ($34.06) stock price. Gildan Activewear Inc. has been the topic of 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. National Bank Canada maintained Gildan Activewear Inc (TSE:GIL) on Monday, October 26 with “Outperform” rating. RBC Capital Markets maintained it with “Outperform” rating and $44.50 target price in Monday, October 17 report. RBC Capital Markets maintained Gildan Activewear Inc (TSE:GIL) on Wednesday, July 20 with “Outperform” rating.

Another recent and important Gildan Activewear Inc (TSE:GIL) news was published by Forbes.com which published an article titled: “Gildan Activewear is Oversold” on October 20, 2016.

Gildan Activewear Inc. is a manufacturer and marketer of branded basic family apparel. The company has a market cap of $8.13 billion. The Company’s divisions include Printwear and Branded Apparel. It has a 17.9 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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