BMO Capital Markets reaffirmed their outperform rating on shares of Roots (TSE:ROOT) in a report published on Friday morning. BMO Capital Markets currently has a C$14.00 price objective on the stock.
Several other research analysts have also recently weighed in on the stock. CSFB reiterated a neutral rating and set a C$12.00 price target on shares of Roots in a research note on Tuesday, March 13th. National Bank Financial set a C$13.50 price target on shares of Roots and gave the stock an outperform rating in a research note on Tuesday, February 13th. Finally, Scotiabank reiterated an outperform rating and set a C$14.50 price target on shares of Roots in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of C$13.94.
Shares of Roots stock opened at C$10.28 on Friday. Roots has a 1-year low of C$8.55 and a 1-year high of C$12.28.
In other Roots news, Director James Alan Gabel purchased 25,000 shares of the company’s stock in a transaction dated Monday, January 15th. The shares were acquired at an average price of C$11.32 per share, for a total transaction of C$283,000.00.
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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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