CIBC Trims Roots (ROOT) Target Price to C$13.00

Roots (TSE:ROOT) had its price objective trimmed by CIBC from C$14.00 to C$13.00 in a research report sent to investors on Thursday.

ROOT has been the topic of several other research reports. National Bank Financial upped their target price on shares of Roots from C$13.50 to C$14.50 and gave the stock an outperform rating in a report on Thursday, April 19th. TD Securities set a C$17.00 target price on shares of Roots in a report on Monday. BMO Capital Markets upped their target price 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. Scotiabank upped their target price on shares of Roots from C$14.50 to C$15.50 and gave the stock an outperform rating in a report on Thursday, April 19th. Finally, CSFB reaffirmed a neutral rating and issued a C$12.00 target price on shares of Roots in a report on Tuesday, March 13th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Roots has an average rating of Buy and an average price target of C$14.44.

ROOT opened at C$11.85 on Thursday. Roots has a twelve month low of C$8.55 and a twelve month 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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