Roots (ROOT) Given New C$13.50 Price Target at National Bank Financial
Roots (TSE:ROOT) had its price objective cut by equities research analysts at National Bank Financial from C$14.50 to C$13.50 in a research report issued to clients and investors on Monday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 40.92% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. CIBC dropped their target price on Roots from C$14.00 to C$13.00 in a report on Thursday, June 14th. TD Securities set a C$17.00 target price on Roots in a report on Monday, June 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a C$16.00 target price on shares of Roots in a report on Monday, June 18th. Two equities research analysts have rated the stock with a hold rating, five have given 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$14.33.
Shares of Roots stock traded down C$0.03 during trading hours on Monday, reaching C$9.58. The stock had a trading volume of 33,690 shares, compared to its average volume of 97,345. Roots has a 1 year low of C$8.55 and a 1 year 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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