Gildan Activewear (GIL) was Downgraded to a Hold Rating at Desjardins


In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Gildan Activewear (TSX: GIL). Desjardins’ analyst Keith Howlett expressed some doubt yesterday about the stock, as it was downgraded to Hold , with a C$44 price target.

Howlett has an average return of 6.5% when recommending Gildan Activewear.

According to TipRanks.com, Howlett is ranked #1695 out of 4848 analysts.

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Currently, the analyst consensus on Gildan Activewear is a Hold with an average price target of C$38, a -6.0% downside from current levels. 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$8.74B and has a P/E ratio of 20.4. The company has a Price to Book ratio of 3.37.

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 Friday at C$40.41.

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