Roots Corp (ROOT) Receives Average Rating of “Buy” from Brokerages
Shares of Roots Corp (TSE:ROOT) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$14.17.
ROOT has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a C$11.00 target price on shares of Roots in a research note on Monday, November 13th. TD Securities reissued a “buy” rating and set a C$16.00 target price on shares of Roots in a research note on Monday, November 13th. Canaccord Genuity reissued a “buy” rating and set a C$13.00 target price on shares of Roots in a research note on Monday, November 13th. BMO Capital Markets restated an “outperform” rating and set a C$13.00 price objective on shares of Roots in a research report on Monday, November 13th. Finally, Jefferies Group restated a “buy” rating and set a C$16.00 price objective on shares of Roots in a research report on Monday, November 13th.
Roots (TSE ROOT) traded down C$0.14 during trading on Thursday, reaching C$10.41. 158,135 shares of the company’s stock traded hands, compared to its average volume of 245,833. 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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