Gildan Activewear (GIL) Gets a Hold Rating from CIBC


Wall Street analyst has provided a rating update for the Consumer Goods sector company yesterday, while remaining neutral on the stock. Analyst Mark Petrie from CIBC rated Gildan Activewear (TSX: GIL) a Hold.

Petrie has an average return of 8.5% when recommending Gildan Activewear.

According to TipRanks.com, Petrie is ranked #259 out of 4853 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gildan Activewear with a C$36.75 average price target, representing a -10.6% downside. In a report issued on July 23, Canaccord Genuity also maintained a Hold rating on the stock with a C$31 price target.

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Gildan Activewear’s market cap is currently C$8.89B and has a P/E ratio of 16.7. The company has a Price to Book ratio of 3.43.

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.

The company’s shares closed on Thursday at C$41.10, close to its 52-week high of C$42.18.

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