Roots (ROOT) Price Target Raised to C$16.50
Roots (TSE:ROOT) had its price objective lifted by equities researchers at TD Securities from C$16.00 to C$16.50 in a report issued on Wednesday, StockTargetPrices.com reports. The brokerage presently has an “action list buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 56.40% from the stock’s previous close.
Several other equities research analysts have also commented on ROOT. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$11.00 price objective on shares of Roots in a research note on Monday, November 13th. Canaccord Genuity reiterated a “buy” rating and set a C$13.00 price objective on shares of Roots in a research note on Monday, November 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 price objective on shares of Roots in a research note on Monday, November 13th. Finally, Jefferies Group restated a “buy” rating and set a C$16.00 target price on shares of Roots in a report on Monday, November 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$14.10.
Roots (TSE ROOT) traded up C$0.24 during trading hours on Wednesday, reaching C$10.55. The company’s stock had a trading volume of 360,017 shares, compared to its average volume of 248,857. Roots has a 52 week low of C$8.55 and a 52 week 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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