Gildan Activewear (GIL), the Consumer Goods sector company, was revisited by a Wall Street analyst today. Analyst Vishal Shreedhar from National Bank remains neutral on the stock and has a C$47 price target.
According to TipRanks.com, Shreedhar is a 1-star analyst with an average return of -0.7% and a 50.0% success rate. Shreedhar covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gildan Activewear with a C$45 average price target, representing a -1.7% downside. In a report issued on February 4, Desjardins also downgraded the stock to Hold with a C$45 price target.
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Based on Gildan Activewear’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$149 million. In comparison, last year the company had a net profit of C$69.86 million.
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$45.78, close to its 52-week high of C$46.02.
