Canada Goose (TSE:GOOS) Price target reduced to CA$37.00

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Canada Goose (EAST: GOOSGet a rating) had its price target lowered by CIBC investment analysts from C$45.00 to C$37.00 in a note issued to investors on Friday, BayStreet.CA reports. The company currently has a “neutral” rating on the stock. CIBC’s price target indicates upside potential of 44.59% from the current share price.

A number of other research companies have also weighed in on GOOS recently. Credit Suisse Group lowered its price target on Canada Goose to C$37.00 and set an “outperform” rating for the company in a report on Friday. CSFB cut its price target on Canada Goose from CA$48.00 to CA$37.00 in a research note on Friday. TD Securities raised its price target on Canada Goose from C$49.00 to C$54.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company reduced its target price on Canada Goose from C$45.00 to C$38.00 in a research report released Friday. Finally, Cowen reduced its target price on Canada Goose from CA$47.00 to CA$38.00 in a research report on Friday. Five research analysts gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat.com, Canada Goose has an average rating of “Hold” and an average price target of CA$39.33.

IS GOOS traded at C$1.16 during midday trading on Friday, reaching C$25.59. The stock had a trading volume of 423,537 shares, compared to an average volume of 395,160. Canada Goose has a 12-month low of C$23.30 and a 12-month high of C$67.33 . The stock has a market cap of C$2.74 billion and a price-to-earnings ratio of 26.42. The company’s 50-day moving average is C$29.61 and its 200-day moving average is C$39.81. The company has a debt ratio of 122.84, a current ratio of 2.36 and a quick ratio of 1.32.

Canada Goose Company Profile (Get a rating)

Canada Goose Holdings Inc designs, manufactures and sells luxury performance apparel for men, women, youth, children and babies in Canada, the United States, Asia, Europe and internationally. It operates through three segments: Direct-to-Consumer, Wholesale and Other. The company offers parkas, lightweight down jackets, rainwear, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.

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