Roots (TSE:ROOT) had its target price cut by equities researchers at CIBC from C$10.00 to C$7.00 in a research report issued on Thursday. CIBC’s target price suggests a potential upside of 34.87% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. TD Securities restated an “action list buy” rating and set a C$17.00 target price on shares of Roots in a research report on Tuesday, August 28th. National Bank Financial dropped their target price on shares of Roots from C$14.50 to C$13.50 and set an “outperform” rating for the company in a research report on Monday, September 10th. Royal Bank of Canada dropped their target price on shares of Roots from C$13.00 to C$10.00 and set a “sector perform” rating for the company in a research report on Thursday, September 13th. CSFB dropped their target price on shares of Roots from C$8.50 to C$6.00 in a research report on Thursday, October 18th. Finally, Canaccord Genuity dropped their target price on shares of Roots from C$16.00 to C$12.00 in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$10.78.
Shares of TSE:ROOT opened at C$5.19 on Thursday. Roots has a fifty-two week low of C$4.61 and a fifty-two week high of C$13.55.
Roots Corporation, together with its subsidiaries, provides a portfolio of apparel, leather goods, accessories, and footwear products under the Roots brand. The company operates through two segments, Direct-To-Consumer (DTC), and Partners and Other. The DTC segment sells products through the company's corporate retail stores and e-commerce.
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