Canada Goose (TSE:GOOS) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Canada Goose Holdings Inc. (TSE:GOOS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$15.73 and traded as low as C$14.15. Canada Goose shares last traded at C$14.44, with a volume of 516,194 shares traded.

Analysts Set New Price Targets

GOOS has been the subject of several research analyst reports. Wells Fargo & Company downgraded Canada Goose from an “equal weight” rating to an “underperform” rating and reduced their price objective for the stock from C$16.00 to C$12.00 in a report on Tuesday, October 15th. Bank of America cut their price target on Canada Goose from C$14.00 to C$13.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Canada Goose currently has an average rating of “Hold” and an average target price of C$16.57.

Canada Goose Trading Up 1.1 %

The company has a debt-to-equity ratio of 232.50, a quick ratio of 0.69 and a current ratio of 2.14. The stock has a market capitalization of C$660.34 million, a PE ratio of 26.25, a PEG ratio of 0.61 and a beta of 1.29. The stock has a 50-day moving average price of C$14.16 and a two-hundred day moving average price of C$15.73.

About Canada Goose

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.