Wells Fargo & Company Downgrades Canada Goose (TSE:GOOS) to Underperform

Canada Goose (TSE:GOOSGet Free Report) was downgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “underperform” rating in a research note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$12.00 target price on the stock, down from their previous target price of C$16.00. Wells Fargo & Company‘s target price points to a potential downside of 20.05% from the stock’s current price.

A number of other analysts have also commented on GOOS. TD Securities decreased their price objective on Canada Goose from C$21.00 to C$17.00 and set a “hold” rating for the company in a report on Friday, August 2nd. Wedbush set a C$21.00 target price on Canada Goose and gave the stock an “outperform” rating in a research note on Friday, July 19th. Raymond James cut shares of Canada Goose from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 23rd. Finally, Barclays lowered their target price on shares of Canada Goose from C$13.00 to C$12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Canada Goose currently has a consensus rating of “Hold” and a consensus target price of C$17.17.

Get Our Latest Stock Analysis on Canada Goose

Canada Goose Price Performance

TSE:GOOS traded down C$1.31 on Tuesday, hitting C$15.01. The company had a trading volume of 366,104 shares, compared to its average volume of 282,729. The company has a current ratio of 2.14, a quick ratio of 0.69 and a debt-to-equity ratio of 232.50. Canada Goose has a 52 week low of C$13.56 and a 52 week high of C$20.09. The stock has a market capitalization of C$686.41 million, a price-to-earnings ratio of 27.29, a PEG ratio of 0.61 and a beta of 1.29. The firm has a 50 day moving average of C$15.18 and a two-hundred day moving average of C$16.31.

Canada Goose Company Profile

(Get Free Report)

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.

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Analyst Recommendations for Canada Goose (TSE:GOOS)

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