Roots (TSE:ROOT) has been assigned a C$13.50 price objective by stock analysts at National Bank Financial in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 16.38% from the stock’s previous close.
Several other brokerages have also weighed in on ROOT. 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. 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. 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. 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. Finally, 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. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Roots currently has an average rating of “Buy” and a consensus target price of C$14.07.
Roots (ROOT) traded up C$0.33 during trading hours on Tuesday, reaching C$11.60. The company had a trading volume of 138,514 shares, compared to its average volume of 74,939. The firm has a market capitalization of $463.46 and a price-to-earnings ratio of 32.83. Roots has a 52-week low of C$8.55 and a 52-week high of C$12.28.
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Roots Corporation, together with its subsidiaries, provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; sweats casual apparel; kids and baby clothing; and leather furniture, linens, towels, and accessories.
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