Scotiabank Raises Price Target on Gildan Activewear to $59.00 USD, Representing a 7.27% Increase.

Scotiabank has maintained its "Sector Outperform" rating for Gildan Activewear and raised its price target to $59.00 USD from $55.00 USD, a 7.27% increase. The average target price for GIL is $59.87 with a high estimate of $70.00 and a low estimate of $50.21, indicating an upside of 16.99% from the current price of $51.17. The estimated GF Value for GIL in one year is $43.23, suggesting a downside of 15.52% from the current price.

Scotiabank has maintained its "Sector Outperform" rating for Gildan Activewear and raised its price target to $59.00 USD from $55.00 USD, a 7.27% increase. The move underscores the growing optimism among analysts regarding the textile maker's prospects. The average target price for GIL is $59.87 with a high estimate of $70.00 and a low estimate of $50.21, indicating an upside of 16.99% from the current price of $51.17. The estimated GF Value for GIL in one year is $43.23, suggesting a downside of 15.52% from the current price [1].

Gildan Activewear reported a quarterly EPS of $0.97, exceeding the expected $0.96, with year-over-year revenue growth of 6.5% to $918.50 million. The stock currently holds an average rating of "Buy" among analysts, with ten analysts recommending a buy and one a strong buy, alongside an average price target of $58.45 [1].

Scotiabank's updated price target aligns with the broader analyst consensus, which has seen a shift towards more optimistic views. Other equities analysts have also issued reports about the company, with varying target prices and ratings. CIBC reduced their target price on Gildan Activewear from $60.00 to $56.00 and set an "outperform" rating for the company. TD Securities upped their target price on Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating. UBS Group upped their target price on Gildan Activewear from $56.00 to $70.00 and gave the company a "buy" rating [1].

The stock's performance has been supported by strong earnings and revenue growth, as well as a robust balance sheet. Gildan Activewear has a debt-to-equity ratio of 1.35, a quick ratio of 1.59, and a current ratio of 3.91. The stock has a 50-day moving average price of $49.44 and a 200-day moving average price of $48.25. The firm has a market capitalization of $7.56 billion, a P/E ratio of 19.52, and a P/E/G ratio of 1.66 [1].

Institutional investors and hedge funds have also shown interest in the company, with several recently increasing their positions. DekaBank Deutsche Girozentrale grew its holdings in Gildan Activewear by 0.3% during the second quarter, and Syon Capital LLC lifted its position by 3.9% during the fourth quarter [1].

Overall, the positive analyst sentiment and strong financial performance suggest that Gildan Activewear remains a promising investment. However, as with any investment, it is essential to conduct thorough research and consider the company's specific risks and opportunities.

References:
[1] https://www.marketbeat.com/instant-alerts/barclays-boosts-gildan-activewear-nysegil-price-target-to-5600-2025-08-01/