UBS Group Upgrades Gildan Activewear (TSE:GIL) to Strong-Buy

Gildan Activewear (TSE:GIL) (NYSE:GIL) was upgraded by investment analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on GIL. Citigroup upped their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. National Bankshares upped their target price on shares of Gildan Activewear from C$68.00 to C$74.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$57.20.

Gildan Activewear Stock Up 3.0 %

Shares of TSE GIL opened at C$69.67 on Friday. The firm’s 50 day moving average price is C$68.38 and its 200 day moving average price is C$62.10. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35. The firm has a market cap of C$11.33 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 1 year low of C$41.32 and a 1 year high of C$71.10.

Insider Activity

In other news, Senior Officer Benito Masi sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$69.31, for a total transaction of C$693,102.00. Also, Director Michener Chandlee purchased 736 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of C$67.83 per share, with a total value of C$49,920.57. Insiders own 2.26% of the company’s stock.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.