Canada Goose (GOOS) Reaches New 52-Week High on Analyst Upgrade

Canada Goose Holdings Inc (TSE:GOOS)’s share price reached a new 52-week high on Thursday after BMO Capital Markets raised their price target on the stock from C$33.00 to C$40.00. The company traded as high as C$37.30 and last traded at C$35.68, with a volume of 130039 shares traded. The stock had previously closed at C$35.23.

A number of other equities analysts also recently commented on GOOS. Cowen reissued an “outperform” rating on shares of Canada Goose in a research note on Friday, November 17th. Barclays raised their target price on shares of Canada Goose from C$34.00 to C$36.00 in a research note on Monday, November 13th. CIBC raised their target price on shares of Canada Goose from C$32.00 to C$35.00 in a research note on Monday, November 13th. Bank of America raised their target price on shares of Canada Goose from C$33.00 to C$35.00 in a research note on Monday, November 13th. Finally, TD Securities raised their target price on shares of Canada Goose from C$30.00 to C$32.00 and gave the company a “hold” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Canada Goose presently has a consensus rating of “Buy” and an average target price of C$31.36.

In related news, insider Carrie Baker sold 40,650 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of C$34.30, for a total transaction of C$1,394,295.00.

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Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. 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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