Shares of Gildan Activewear Inc (TSE:GIL) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company. Five analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$42.71.
Several equities analysts have recently weighed in on GIL shares. National Bank Financial increased their price objective on shares of Gildan Activewear from C$43.00 to C$45.00 in a research report on Tuesday, July 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$45.00 price objective on shares of Gildan Activewear in a research report on Wednesday, July 20th. TD Securities reissued a “buy” rating and issued a C$36.00 price objective on shares of Gildan Activewear in a research report on Thursday, July 7th. Scotiabank reissued an “outperform” rating and issued a C$44.00 price objective on shares of Gildan Activewear in a research report on Tuesday, July 5th. Finally, Desjardins reissued a “buy” rating and issued a C$43.00 price objective on shares of Gildan Activewear in a research report on Thursday, July 28th.
Shares of Gildan Activewear (TSE:GIL) opened at 37.09 on Monday. The company has a market capitalization of $8.60 billion and a PE ratio of 25.81. Gildan Activewear has a one year low of $31.24 and a one year high of $42.44. The company’s 50-day moving average is $37.92 and its 200-day moving average is $38.55.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Thursday, August 11th were given a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, August 9th.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel. The Company’s segments include Printwear and Branded Apparel. It offers T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. It markets its products through approximately two main distribution channels.
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