Gildan Activewear (TSE:GIL) Raised to “Strong-Buy” at UBS Group

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

A number of other equities analysts have also weighed in on GIL. National Bankshares lifted their price objective on 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. Citigroup lifted their price target on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$57.20.

Gildan Activewear Trading Up 3.0 %

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

Insider Buying and Selling at Gildan Activewear

In other news, Director Michener Chandlee acquired 736 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of C$67.83 per share, for a total transaction of C$49,920.57. Also, Senior Officer Benito Masi sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. 2.26% of the stock is owned by corporate insiders.

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.