Roots (ROOT) Rating Reiterated by BMO Capital Markets
Roots (TSE:ROOT)‘s stock had its “outperform” rating reiterated by equities researchers at BMO Capital Markets in a research report issued on Thursday. They currently have a C$13.00 target price on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 17.54% from the company’s previous close.
Several other equities research analysts have also commented on ROOT. Scotiabank reiterated an “outperform” rating and set a C$14.50 price objective on shares of Roots in a research note on Thursday, December 7th. Royal Bank of Canada upped their price target on Roots from C$11.00 to C$12.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 6th. TD Securities upped their price target on Roots from C$16.00 to C$16.50 and gave the company an “action list buy” rating in a research report on Wednesday, December 6th. Canaccord Genuity restated a “buy” rating and issued a C$13.00 price target on shares of Roots in a research report on Monday, November 13th. Finally, Jefferies Group restated a “buy” rating and issued a C$16.00 price target on shares of Roots in a research report on Monday, November 13th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$14.17.
Shares of Roots (ROOT) opened at C$11.06 on Thursday. Roots has a 52 week low of C$8.55 and a 52 week high of C$11.55.
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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