Shares of Roots Corp (TSE:ROOT) have received an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$13.81.
ROOT has been the topic of a number of research reports. TD Securities upped their target price on shares of Roots from C$16.00 to C$16.50 and gave the stock an “action list buy” rating in a research report on Wednesday, December 6th. CSFB reiterated a “neutral” rating and set a C$12.00 target price on shares of Roots in a research report on Tuesday. National Bank Financial set a C$13.50 target price on shares of Roots and gave the stock an “outperform” rating in a research report on Tuesday, February 13th. BMO Capital Markets reiterated an “outperform” rating and set a C$13.00 target price on shares of Roots in a research report on Thursday, December 14th. Finally, Scotiabank reissued an “outperform” rating and set a C$14.50 price target on shares of Roots in a research note on Thursday, December 7th.
Shares of Roots (TSE ROOT) traded up C$0.03 during mid-day trading on Friday, hitting C$11.00. 33,900 shares of the stock were exchanged, compared to its average volume of 74,985. Roots has a 12 month low of C$8.55 and a 12 month high of C$12.28. The firm has a market capitalization of $482.78 and a price-to-earnings ratio of 33.33.
In other Roots news, Director James Alan Gabel purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 15th. The stock was acquired at an average cost of C$11.32 per share, with a total value of C$283,000.00.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/09/roots-corp-root-receives-consensus-rating-of-buy-from-analysts.html.
Roots Company Profile
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.
Receive News & Ratings for Roots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roots and related companies with MarketBeat.com's FREE daily email newsletter.