Roots Corp (ROOT) Stock Rating Reaffirmed by Canaccord Genuity
Roots Corp (TSE:ROOT)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued to investors on Monday. They presently have a C$13.00 target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 38.15% from the stock’s previous close.
A number of other research analysts have also weighed in on ROOT. Royal Bank Of Canada restated a “sector perform” rating and issued a C$11.00 price objective on shares of Roots Corp in a report on Monday. TD Securities restated a “buy” rating and issued a C$16.00 price objective on shares of Roots Corp in a report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$13.80.
Roots Corp (TSE ROOT) opened at C$9.41 on Monday. Roots Corp has a 52-week low of C$8.55 and a 52-week high of C$11.55.
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About Roots Corp
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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