Roots Corp (ROOT) Receives Consensus Rating of “Buy” from Analysts

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.

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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.

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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.

Analyst Recommendations for Roots (TSE:ROOT)

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