Royal Bank Of Canada Raises Roots (ROOT) Price Target to C$12.00
Roots (TSE:ROOT) had its price target lifted by stock analysts at Royal Bank Of Canada from C$11.00 to C$12.00 in a note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 13.74% from the company’s previous close.
ROOT has been the topic of a number of other research reports. TD Securities raised Roots from a “buy” rating to an “action list buy” rating in a research report on Monday, November 27th. Canaccord Genuity reaffirmed a “buy” rating and set a C$13.00 price objective on shares of Roots in a research report on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and set a C$16.00 price objective on shares of Roots in a research report on Monday, November 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$13.00 price objective on shares of Roots in a research report on Monday, November 13th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$14.10.
Shares of Roots (TSE:ROOT) traded up C$0.24 during midday trading 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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