Shares of Roots Corp (TSE:ROOT) have received an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$14.07.
A number of research firms have recently commented on ROOT. Royal Bank of Canada boosted their price objective 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 increased their price objective on Roots from C$16.00 to C$16.50 and gave the company an “action list buy” rating in a report on Wednesday, December 6th. National Bank Financial set a C$13.50 price objective on Roots and gave the company an “outperform” rating in a report on Tuesday, February 13th. Canaccord Genuity reiterated a “buy” rating and issued a C$13.00 price objective on shares of Roots in a report on Monday, November 13th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$13.00 price target on shares of Roots in a research note on Monday, November 13th.
In other news, Director James Alan Gabel purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 15th. The shares were purchased at an average price of C$11.32 per share, for a total transaction of C$283,000.00.
Roots Company Profile
Roots Corporation, together with its subsidiaries, provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; sweats casual apparel; kids and baby clothing; and leather furniture, linens, towels, and accessories.
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