Scotiabank Boosts Roots (ROOT) Price Target to C$15.50

Roots (TSE:ROOT) had its target price upped by Scotiabank from C$14.50 to C$15.50 in a research report sent to investors on Thursday, April 19th. The firm currently has an outperform rating on the stock.

ROOT has been the subject of several other reports. CIBC upped their target price on Roots from C$12.00 to C$14.00 in a research note on Thursday, April 19th. National Bank Financial set a C$13.50 target price on Roots and gave the stock an outperform rating in a research note on Tuesday, February 13th. TD Securities upped their price target on shares of Roots from C$16.50 to C$17.00 in a report on Thursday, April 19th. BMO Capital Markets upped their price target on shares of Roots from C$14.00 to C$16.00 and gave the stock an outperform rating in a report on Thursday, April 19th. Finally, Royal Bank of Canada upped their price target on shares of Roots from C$12.00 to C$13.00 in a report on Thursday, April 19th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Roots currently has an average rating of Buy and a consensus target price of C$14.56.

Roots traded down C$0.38, hitting C$12.69, on Thursday, according to Marketbeat Ratings. 41,755 shares of the company’s stock were exchanged, compared to its average volume of 104,398. Roots has a 52 week low of C$8.55 and a 52 week high of C$13.55.

About Roots

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.

Analyst Recommendations for Roots (TSE:ROOT)

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