Other research analysts also recently issued research reports about the stock. CIBC reduced their price target on shares of Roots from C$14.00 to C$13.00 in a research note on Thursday, June 14th. 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 research note on Thursday. Canaccord Genuity reduced their price target on shares of Roots from C$16.00 to C$12.00 in a research note on Thursday. 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 research note on Monday. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$16.00 price target on shares of Roots in a research note on Monday, June 18th. 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. Roots currently has a consensus rating of Buy and a consensus target price of C$13.33.
ROOT stock opened at C$7.06 on Thursday. Roots has a 12 month low of C$7.02 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.
Further Reading: Investing in Growth Stocks
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