Gildan Activewear Surpasses Analyst Target with Current Share Price at $47.89

In the latest trading session, Gildan Activewear Inc (Symbol: GIL) saw its shares rise above the average analyst 12-month target price of $47.81, trading at $47.89 per share. When a stock meets or exceeds an analyst’s target price, it can lead to two potential reactions: analysts might downgrade their valuation or raise their price targets. Such decisions often hinge on recent developments within the company that might be driving the stock’s upward trend.

Within the Zacks coverage universe, 11 analysts have set price targets for Gildan Activewear Inc. While the average target is $47.81, opinions vary widely. One analyst sets a target as low as $40.09, while another anticipates a peak price of $56.00. The standard deviation among these targets is $5.317, reflecting the differing views on the company’s future.

The essence of evaluating the average price target lies in harnessing collective insights from a diverse group of analysts. With GIL’s recent price movements, investors are prompted to assess whether the $47.81 target is merely a milestone toward an even higher figure or if the stock’s valuation may be out of reach. The following table outlines current analyst perspectives on Gildan Activewear Inc:

The average rating displayed in the table is on a scale from 1 to 5, where 1 is a Strong Buy and 5 is a Strong Sell. This analysis utilizes data from Zacks Investment Research via Quandl.com.

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Further Insights:

• Institutional Holders of INFA
• MHK Insider Buying
• OUNZ Average Annual Return

The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.