Analysts Set Roots Corp (ROOT) Target Price at $14.17

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

Several brokerages recently issued reports on ROOT. TD Securities boosted their price target on Roots from C$16.00 to C$16.50 and gave the company an “action list buy” rating in a research note on Wednesday, December 6th. Royal Bank of Canada boosted their price target on Roots from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Scotiabank reiterated an “outperform” rating and issued a C$14.50 price target on shares of Roots in a research note on Thursday, December 7th. BMO Capital Markets reiterated an “outperform” rating and issued a C$13.00 price target on shares of Roots in a research note on Thursday, December 14th. Finally, Jefferies Group reiterated a “buy” rating and issued a C$16.00 price target on shares of Roots in a research note on Monday, November 13th.

Shares of Roots (TSE:ROOT) traded down C$0.13 during mid-day trading on Monday, hitting C$10.83. The company had a trading volume of 58,507 shares, compared to its average volume of 49,284. The company has a market capitalization of $471.02 and a PE ratio of 30.94. Roots has a fifty-two week low of C$8.55 and a fifty-two week high of C$11.55.

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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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