Canada Goose (TSE:GOOS) Price Target Cut to C$62.00 by Analysts at Royal Bank of Canada

Canada Goose (TSE:GOOS) had its price target lowered by analysts at Royal Bank of Canada from C$75.00 to C$62.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 31.58% from the stock’s current price.

GOOS has been the topic of several other research reports. DA Davidson lowered Canada Goose from a “buy” rating to a “neutral” rating and decreased their price target for the company from C$48.00 to C$42.00 in a research note on Thursday, November 7th. Cfra decreased their price target on Canada Goose from C$70.00 to C$65.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Canada Goose presently has an average rating of “Buy” and a consensus price target of C$71.58.

Shares of GOOS opened at C$47.12 on Thursday. Canada Goose has a 52-week low of C$42.38 and a 52-week high of C$94.35. The business’s fifty day moving average is C$52.66 and its 200-day moving average is C$55.21. The company has a debt-to-equity ratio of 155.30, a quick ratio of 0.47 and a current ratio of 3.38. The firm has a market cap of $5.18 billion and a price-to-earnings ratio of 40.07.

In related news, Senior Officer Ana Mihaljevic sold 2,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of C$55.25, for a total transaction of C$138,125.00. Following the sale, the insider now owns 15,556 shares in the company, valued at approximately C$859,469.

Canada Goose Company Profile

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.

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Analyst Recommendations for Canada Goose (TSE:GOOS)

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