Roots’ (ROOT) Outperform Rating Reiterated at Scotiabank
Roots (TSE:ROOT)‘s stock had its “outperform” rating reissued by equities researchers at Scotiabank in a research report issued on Thursday. They currently have a C$14.50 price target on the stock. Scotiabank’s price target indicates a potential upside of 39.29% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. TD Securities increased their target price on shares of Roots from C$16.00 to C$16.50 and gave the company an “action list buy” rating in a research report on Wednesday. Jefferies Group reaffirmed a “buy” rating and issued a C$16.00 target price on shares of Roots in a research report on Monday, November 13th. Royal Bank Of Canada increased their target price on shares of Roots from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a C$13.00 target price on shares of Roots in a research report on Monday, November 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$13.00 target price on shares of Roots in a research report on Monday, November 13th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$14.17.
Shares of Roots (TSE:ROOT) traded down C$0.14 on Thursday, hitting C$10.41. 158,135 shares of the stock were exchanged, compared to its average volume of 245,833. Roots has a fifty-two week low of C$8.55 and a fifty-two 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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