Gildan Activewear (GIL) PT Raised to C$37.00

Gildan Activewear (TSE:GIL) (NYSE:GIL) had its target price increased by Stifel Nicolaus from C$34.00 to C$37.00 in a research note released on Friday, December 15th.

Several other research firms have also commented on GIL. BMO Capital Markets reduced their price target on 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. National Bank Financial boosted their target price on Gildan Activewear from C$41.00 to C$42.00 and gave the stock a sector perform rating in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$39.21.

Shares of Gildan Activewear (GIL) opened at C$40.45 on Friday. The firm has a market capitalization of $8,910.00, a price-to-earnings ratio of 19.45 and a beta of 0.37. Gildan Activewear has a 1 year low of C$30.97 and a 1 year high of C$42.18.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 16th were issued a $0.121 dividend. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.20%. Gildan Activewear’s dividend payout ratio is presently 17.24%.

In other Gildan Activewear news, insider Jonathan Roiter sold 12,000 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$38.80, for a total transaction of C$465,600.00. Also, Director Glenn J. Chamandy sold 54,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$38.44, for a total value of C$2,075,760.00. Insiders sold a total of 99,136 shares of company stock valued at $3,813,615 in the last ninety days.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://ledgergazette.com/2018/01/10/stifel-nicolaus-boosts-gildan-activewear-gil-price-target-to-c37-00.html.

Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

Analyst Recommendations for Gildan Activewear (TSE:GIL)

Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply