Canaccord Genuity Lowers Roots (ROOT) Price Target to C$9.00
Several other analysts also recently issued reports on ROOT. TD Securities reaffirmed an action list buy rating and issued a C$17.00 price target on shares of Roots in a report on Tuesday, August 28th. National Bank Financial reduced their price target on shares of Roots from C$14.50 to C$13.50 and set an outperform rating on the stock in a report on Monday, September 10th. Royal Bank of Canada reduced their price target on shares of Roots from C$13.00 to C$10.00 and set a sector perform rating on the stock in a report on Thursday, September 13th. CIBC cut their price objective on shares of Roots from C$13.00 to C$10.00 in a research report on Thursday, September 13th. Finally, CSFB cut their price objective on shares of Roots from C$8.50 to C$6.00 in a research report on Thursday, October 18th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$12.33.
Shares of TSE ROOT opened at C$5.52 on Friday. Roots has a 12-month low of C$5.46 and a 12-month 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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