In a report released today, Keith Howlett from Desjardins downgraded Gildan Activewear (GIL) to Sell. The company’s shares closed last Monday at $35.38.
According to TipRanks.com, Howlett is a 4-star analyst with an average return of 6.7% and a 69.0% success rate. Howlett covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.
Gildan Activewear has an analyst consensus of Hold, with a price target consensus of $34.47, representing a -2.4% downside. In a report released today, Merrill Lynch also downgraded the stock to Sell with a $23.00 price target.
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Gildan Activewear’s market cap is currently $7.21B and has a P/E ratio of 24.67. The company has a Price to Book ratio of 3.83.
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Gildan Activewear, Inc. engages in the manufacture and sale of printwear and branded apparel. Its products include activewear, underwear, socks, hosiery, and legwear. The firm operates under the brand name Gildan, American Apparel, Comfort Colors, Gold Toe, Anvil, Secret, Silks, Kushyfoot, Peds, and Mossy Oak.
