Canada Goose Holdings Inc (GOOS) Receives a Buy from Canaccord Genuity

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Canada Goose Holdings Inc (TSX: GOOS). Analyst Camilo Lyon from Canaccord Genuity reiterated a Buy rating, with a C$91 price target yesterday.

According to TipRanks.com, Lyon is a 3-star analyst with an average return of 2.0% and a 48.7% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Deckers Outdoor.

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Canada Goose Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$86.80, which is a 23.2% upside from current levels. In a report issued on August 7, Barclays also maintained a Buy rating on the stock with a C$91 price target.

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The company has a one-year high of C$91.50 and a one-year low of C$21.33. Currently, Canada Goose Holdings Inc has an average volume of 352.6K.

Canada Goose Holdings, Inc. designs, manufactures, distributes and retails outerwear for men, women and children. It operates through the Wholesale and Direct to Consumer segments.

The company’s shares closed on Thursday at C$70.43.