Roots Corp (ROOT) Given Buy Rating at Canaccord Genuity
Roots Corp (TSE:ROOT)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a research report issued on Monday. They presently have a C$13.00 price objective on the stock. Canaccord Genuity’s price target points to a potential upside of 34.72% from the stock’s current price.
Other equities analysts have also issued reports about the stock. TD Securities reiterated a “buy” rating and set a C$16.00 target price on shares of Roots Corp in a research report on Monday. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$11.00 target price on shares of Roots Corp in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$13.80.
Roots Corp (ROOT) traded up C$0.15 during trading hours on Monday, reaching C$9.65. 173,581 shares of the company’s stock were exchanged, compared to its average volume of 389,229. Roots Corp has a 52-week low of C$8.55 and a 52-week high of C$11.55.
Roots Corp Company Profile
Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men’s and women’s clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others.
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