Roots Corp (ROOT) Receives C$14.44 Consensus Target Price from Brokerages
Roots Corp (TSE:ROOT) has earned an average rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$14.44.
A number of equities analysts have issued reports on the company. National Bank Financial increased their price target on Roots from C$13.50 to C$14.50 and gave the stock an “outperform” rating in a report on Thursday, April 19th. TD Securities set a C$17.00 price target on Roots in a report on Monday, June 11th. BMO Capital Markets increased their price target on Roots from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Scotiabank increased their price target on Roots from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Finally, CSFB restated a “neutral” rating and set a C$12.00 price target on shares of Roots in a report on Tuesday, March 13th.
TSE:ROOT traded up C$0.06 on Monday, reaching C$10.70. 171,500 shares of the stock traded hands, compared to its average volume of 106,689. Roots has a 1-year low of C$8.55 and a 1-year high of C$13.55.
Roots Corporation, together with its subsidiaries, provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; sweats casual apparel; kids and baby clothing; and leather furniture, linens, towels, and accessories.
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