Roots (TSE:ROOT) has been assigned a C$13.50 target price by 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 target price would suggest a potential upside of 17.49% from the company’s current price.
ROOT has been the subject of a number of other reports. TD Securities increased their price objective on shares of Roots from C$16.00 to C$16.50 and gave the stock an “action list buy” rating in a research note on Wednesday, December 6th. Jefferies Group reissued a “buy” rating and issued a C$16.00 price objective on shares of Roots in a research note on Monday, November 13th. Royal Bank of Canada increased their price objective on shares of Roots from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 6th. Scotiabank reissued an “outperform” rating and issued a C$14.50 price objective on shares of Roots in a research note on Thursday, December 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a C$13.00 price objective on shares of Roots in a research note on Monday, November 13th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$14.07.
Shares of Roots (TSE ROOT) traded up C$0.22 during midday trading on Tuesday, hitting C$11.49. 56,513 shares of the stock were exchanged, compared to its average volume of 74,813. The stock has a market capitalization of $463.46 and a PE ratio of 32.83. Roots has a 1 year low of C$8.55 and a 1 year high of C$12.28.
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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