Canada Goose (GOOS) Hits New 52-Week Low on Analyst Downgrade

Canada Goose Holdings Inc (TSE:GOOS)’s share price hit a new 52-week low on Thursday after Canaccord Genuity lowered their price target on the stock from C$95.00 to C$82.00. Canaccord Genuity currently has a buy rating on the stock. Canada Goose traded as low as C$45.25 and last traded at C$45.86, with a volume of 525890 shares. The stock had previously closed at C$45.94.

Other equities analysts also recently issued research reports about the company. CSFB dropped their price objective on Canada Goose from C$100.00 to C$76.00 in a research note on Thursday. Royal Bank of Canada dropped their price objective on Canada Goose from C$90.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities dropped their price objective on Canada Goose from C$84.00 to C$79.00 and set a “buy” rating on the stock in a research note on Thursday. DA Davidson dropped their price objective on Canada Goose from C$74.00 to C$42.00 in a research note on Thursday. Finally, Barclays dropped their price objective on Canada Goose from C$100.00 to C$94.00 in a research note on Friday, February 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$76.60.

The stock has a market capitalization of $7.07 billion and a PE ratio of 35.85. The company has a quick ratio of 1.16, a current ratio of 2.58 and a debt-to-equity ratio of 37.85.

ILLEGAL ACTIVITY NOTICE: “Canada Goose (GOOS) Hits New 52-Week Low on Analyst Downgrade” was published by Rockland Register and is the property of of Rockland Register. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://rocklandregister.com/2019/06/01/canada-goose-goos-hits-new-52-week-low-on-analyst-downgrade.html.

About Canada Goose (TSE:GOOS)

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

Further Reading: Backdoor Roth IRA

Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.