Desjardins Keeps Their Buy Rating on Gildan Activewear

By Austin Angelo

Gildan Activewear (TSX: GIL), the Consumer Goods sector company, has received a rating update from a Wall Street analyst on June 23. Analyst Keith Howlett from Desjardins remains bullish on the stock and has a C$42 price target.

Howlett has an average return of 19.5% when recommending Gildan Activewear.

According to TipRanks.com, Howlett is ranked #458 out of 4592 analysts.

Gildan Activewear has an analyst consensus of Strong Buy, with a price target consensus of C$42.

The company has a one year high of C$41.80 and a one year low of C$30.97. Currently, Gildan Activewear has an average volume of 858.8K.

Gildan Activewear, Inc. markets and manufactures basic family apparel, including T-shirts, fleece, sport shirts, socks, underwear, hosiery and shapewear. It operates its business through two segments: Printwear and Branded.

The company’s shares closed on Monday at $42.03.