Gildan Activewear Inc (NYSE: GIL) stock closed at $32.58 on 12/11/23 after a major decline of -10.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 831% of normal. The stock has declined -12.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GIL is expected to continue to be a major Value Builder.
Gildan Activewear has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gildan Activewear has a neutral Appreciation Score of 50 and a neutral Power Rating of 59, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment