Gildan Activewear – Consensus Indicates Potential -5.1% Downside

Broker Ratings

Gildan Activewear with ticker code (GIL) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 33 and 14 with the average target price sitting at 25.24. With the stocks previous close at 26.6 this would indicate that there is a downside of -5.1%. The 50 day MA is 23.59 and the 200 day MA is 19.24. The market cap for the company is $5,292m. You can visit the company’s website by visiting: http://www.gildan.com

Gildan Activewear Inc. manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Comfort Colors, American Apparel, Anvil by Gildan, Alstyle, Prim + Preux, and Gold Toe brands. It also offers hosiery products, such as athletic, dress, casual, workwear, liner, and therapeutic socks, as well as sheer panty hose, tights, and leggings under the Gildan, Gildan Platinum, Under Armour, Gold Toe, PowerSox, GT a Gold Toe Brand, Silver Toe, Signature Gold by Goldtoe, Peds, MediPeds, Kushyfoot, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel brand names. In addition, the company provides men’s and boys’ top and bottom underwear, and ladies panties under Gildan and Gildan Platinum brand names; and ladies shapewear, intimates, and accessories under Secret and Secret Silky brand names. It offers its products through wholesale distributors, screen printers/embellishers, and retailers, as well as through its e-commerce platforms. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was incorporated in 1984 and is headquartered in Montreal, Canada.

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