TD Securities Cuts Roots (ROOT) Price Target to C$15.00

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Roots (TSE:ROOT) had its price target decreased by TD Securities from C$17.00 to C$15.00 in a report issued on Thursday. TD Securities currently has an action list buy rating on the stock.

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.

In other Roots news, Director James Alan Gabel sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of C$10.46, for a total transaction of C$35,564.00.

About Roots

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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Analyst Recommendations for Roots (TSE:ROOT)

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