Roots Corp (ROOT) Given Consensus Rating of “Buy” by Brokerages

Shares of Roots Corp (TSE:ROOT) have earned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$14.17.

Several equities analysts have recently commented on ROOT shares. TD Securities reaffirmed a “buy” rating and issued a C$16.00 target price on shares of Roots in a research report on Monday, November 13th. 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. 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. Scotiabank reaffirmed an “outperform” rating and issued a C$14.50 target price on shares of Roots in a research report on Thursday, December 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$11.00 target price on shares of Roots in a research report on Monday, November 13th.

Roots (TSE:ROOT) traded up C$0.34 during trading hours on Friday, reaching C$12.05. The company’s stock had a trading volume of 249,299 shares, compared to its average volume of 86,595. The company has a market capitalization of $478.58 and a price-to-earnings ratio of 34.66. Roots has a 12-month low of C$8.55 and a 12-month high of C$12.28.

In related news, Director James Alan Gabel purchased 25,000 shares of Roots stock in a transaction that occurred on Monday, January 15th. The shares were acquired at an average price of C$11.32 per share, with a total value of C$283,000.00.

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About Roots

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.

Analyst Recommendations for Roots (TSE:ROOT)

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