Canada Goose (TSE:GOOS) Stock Rating Lowered by Wells Fargo & Company

Canada Goose (TSE:GOOS) was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underperform” rating in a report released on Tuesday, BayStreet.CA reports. They presently have a C$12.00 price objective on the stock, down from their previous price objective of C$16.00. Wells Fargo & Company‘s target price would suggest a potential downside of 20.79% from the stock’s previous close.

A number of other research firms have also commented on GOOS. Barclays dropped their price objective on shares of Canada Goose from C$13.00 to C$12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Raymond James cut Canada Goose from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 23rd. Wedbush set a C$21.00 price objective on Canada Goose and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, TD Securities lowered their target price on Canada Goose from C$21.00 to C$17.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Canada Goose has a consensus rating of “Hold” and a consensus target price of C$17.17.

Canada Goose Stock Performance

Shares of Canada Goose stock opened at C$15.15 on Tuesday. The firm’s fifty day simple moving average is C$15.16 and its 200-day simple moving average is C$16.29. Canada Goose has a 12 month low of C$13.56 and a 12 month high of C$20.09. The stock has a market capitalization of C$692.81 million, a price-to-earnings ratio of 27.55, a PEG ratio of 0.61 and a beta of 1.29. The company has a debt-to-equity ratio of 232.50, a current ratio of 2.14 and a quick ratio of 0.69.

About Canada Goose

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.