BMO Capital Markets Increases Roots (ROOT) Price Target to C$16.00

Roots (TSE:ROOT) had its price target increased by BMO Capital Markets from C$14.00 to C$16.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 25.29% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. CIBC upped their price target on Roots from C$12.00 to C$14.00 in a report on Thursday. Royal Bank of Canada upped their price target on Roots from C$12.00 to C$13.00 in a report on Thursday. TD Securities upped their price target on Roots from C$16.50 to C$17.00 in a report on Thursday. CSFB restated a “neutral” rating and issued a C$12.00 price objective on shares of Roots in a research note on Tuesday, March 13th. Finally, National Bank Financial set a C$13.50 price objective on Roots and gave the company an “outperform” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Roots presently has a consensus rating of “Buy” and a consensus target price of C$14.56.

Shares of Roots stock opened at C$12.77 on Thursday. Roots has a 12-month low of C$8.55 and a 12-month high of C$12.85.

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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.

Analyst Recommendations for Roots (TSE:ROOT)

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