Roots Corp (ROOT) Given Average Recommendation of “Buy” by Analysts
Roots Corp (TSE:ROOT) has been assigned an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$14.17.
ROOT has been the subject of a number of research analyst reports. TD Securities upgraded Roots from a “buy” rating to an “action list buy” rating in a report on Monday, November 27th. Jefferies Group reiterated a “buy” rating and issued a C$16.00 target price on shares of Roots in a report on Monday, November 13th. Scotiabank reiterated an “outperform” rating and issued a C$14.50 target price on shares of Roots in a report on Thursday, December 7th. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 target price on shares of Roots in a report on Monday, November 13th. Finally, Canaccord Genuity restated a “buy” rating and set a C$13.00 price objective on shares of Roots in a report on Monday, November 13th.
Shares of Roots (ROOT) traded up C$0.01 during mid-day trading on Monday, reaching C$10.84. The company’s stock had a trading volume of 21,415 shares, compared to its average volume of 179,690. The company has a market capitalization of $455.07 and a P/E ratio of 30.97. Roots has a 1-year low of C$8.55 and a 1-year high of C$11.55.
Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men’s and women’s clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others.
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