Gildan Activewear (GIL) PT Raised to C$37.00 at Stifel Nicolaus

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its price objective hoisted by investment analysts at Stifel Nicolaus from C$34.00 to C$37.00 in a note issued to investors on Friday. Stifel Nicolaus’ price target suggests a potential downside of 9.36% from the company’s current price.

Other analysts also recently issued research reports about the stock. National Bank Financial increased their price objective on shares of Gildan Activewear from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. BMO Capital Markets lowered their price objective on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a research report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Gildan Activewear presently has an average rating of “Hold” and an average price target of C$39.21.

Shares of Gildan Activewear (TSE:GIL) traded down C$0.33 during trading hours on Friday, reaching C$40.82. 527,013 shares of the company’s stock traded hands, compared to its average volume of 673,959. Gildan Activewear has a one year low of C$30.97 and a one year high of C$42.18.

In other news, Director Michael Hoffman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total transaction of C$1,152,300.00. Also, insider Jonathan Roiter sold 12,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$38.80, for a total value of C$465,600.00. Over the last quarter, insiders have sold 99,136 shares of company stock valued at $3,813,615.

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About Gildan Activewear

Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

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