Canaccord Genuity Reaffirms Their Buy Rating on Canada Goose Holdings Inc

Canada Goose Holdings Inc (TSX: GOOS), the Consumer Goods sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Camilo Lyon from Canaccord Genuity rated Canada Goose Holdings Inc (TSX: GOOS) a Buy, setting a C$90 price target.

Lyon noted:

“To say GOOS’ Q4 performance exceeded expectations would be an understatement.”

According to TipRanks.com, Lyon is a 2-star analyst with an average return of 0.6% and a 49.1% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Deckers Outdoor.

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Canada Goose Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$90.

Canada Goose Holdings Inc’s market cap is currently C$6.33B and has a P/E ratio of 98.3. The company has a Price to Book ratio of 26.87.

Canada Goose Holdings, Inc. designs, manufactures, distributes and retails outerwear for men, women and children. It operates through the Wholesale and Direct to Consumer segments.

The company’s shares closed on Friday at C$78.01.