Gildan Activewear (GIL) : Analyst Rating Update

Gildan Activewear (GIL) : 12 analysts are covering Gildan Activewear (GIL) and their average rating on the stock is 1.5, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gildan Activewear (GIL) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Gildan Activewear (GIL) : The highest short term price target forecast on Gildan Activewear (GIL) is $44 and the lowest target price is $30. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $35.04 with a standard deviation of $3.61.

Gildan Activewear (NYSE:GIL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.45 and $29.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.64, notching a gain of 0.65% for the day. The total traded volume was 364,095 . The stock had closed at $29.45 on the previous day.

The company shares have dropped -9.86% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $35.15 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $29.27 and the 200 Day Moving Average price is recorded at $28.28.

Gildan Activewear Inc. (Gildan) supplies branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands, including the Gildan, Gold Toe, Anvil brands and brand extensions, Secret, Silks, Therapy Plus and Kushyfoo, as well as under licensing arrangements for the Under Armour, Mossy Oak and New Balance brands. It operates in two segments, Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States, Canada, Europe, and the Asia-Pacific region.

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