Gildan Activewear (GIL) Gets a Buy Rating from GMP FirstEnergy


GMP FirstEnergy analyst Martin Landry reiterated a Buy rating on Gildan Activewear (NYSE: GIL) yesterday and set a price target of $35. The company’s shares closed yesterday at $31.16.

Landry has an average return of 4.5% when recommending Gildan Activewear.

According to TipRanks.com, Landry is ranked #74 out of 4848 analysts.

Currently, the analyst consensus on Gildan Activewear is a Moderate Buy with an average price target of $34.33, which is a 10.2% upside from current levels. In a report issued on August 2, Merrill Lynch also upgraded the stock to Buy.

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Gildan Activewear’s market cap is currently $6.74B and has a P/E ratio of 19.97. The company has a Price to Book ratio of 3.35.

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Gildan Activewear, Inc. engages in the manufacture of family apparel, including T-shirts, fleece, sport shirts, socks, underwear, hosiery and shapewear. It operates through the combined Printwear and Branded Apparel segments. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products.

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