Gildan Activewear (TSE:GIL) Upgraded at UBS Group

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 to investors on Friday,Zacks.com reports.

GIL has been the topic of a number of other research reports. National Bankshares increased their price objective on Gildan Activewear from C$68.00 to C$74.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup raised their price target on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$57.20.

Gildan Activewear Stock Performance

Shares of TSE GIL opened at C$69.67 on Friday. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. Gildan Activewear has a one year low of C$41.32 and a one year high of C$71.10. The business’s 50-day moving average price is C$68.38 and its two-hundred day moving average price is C$62.10. The company has a market capitalization 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.

Insider Activity

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

About Gildan Activewear

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.