The stock of Gildan Activewear Inc (TSE:GIL) is a huge mover today! About 78,991 shares traded hands. Gildan Activewear Inc (TSE:GIL) has declined 11.38% since April 8, 2016 and is downtrending. It has underperformed by 16.36% the S&P500.
The move comes after 6 months positive chart setup for the $8.21B company. It was reported on Nov, 14 by Barchart.com. We have $51.47 PT which if reached, will make TSE:GIL worth $3.94 billion more.
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 14.52% above today’s ($34.78) 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 the shares of GIL in a report on Monday, October 26 with “Outperform” rating. The stock of Gildan Activewear Inc (TSE:GIL) has “Outperform” rating given on Monday, October 17 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, July 20 report.
More news for Gildan Activewear Inc (TSE:GIL) were recently published by: Forbes.com, which released: “American Apparel Agrees To Gildan Activewear Acquisition” on November 14, 2016. Forbes.com‘s article titled: “Gildan Activewear is Oversold” and published on October 20, 2016 is yet another important article.
Gildan Activewear Inc. is a manufacturer and marketer of branded basic family apparel. The company has a market cap of $8.21 billion. The Company’s divisions include Printwear and Branded Apparel. It has a 17.93 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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