Roots Corp (ROOT) Given Average Rating of “Buy” by Analysts

Roots Corp (TSE:ROOT) has earned a consensus rating of “Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$13.33.

A number of brokerages have recently issued reports on ROOT. CIBC lowered their price objective on Roots from C$14.00 to C$13.00 in a research report on Thursday, June 14th. TD Securities set a C$17.00 price objective on Roots in a research report on Monday, June 11th. Canaccord Genuity lowered their price objective on Roots from C$16.00 to C$12.00 in a research report on Thursday, September 13th. BMO Capital Markets restated an “outperform” rating and set a C$16.00 price objective on shares of Roots in a research report on Monday, June 18th. Finally, National Bank Financial lowered their price objective on Roots from C$14.50 to C$13.50 and set an “outperform” rating for the company in a research report on Monday, September 10th.

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

Roots stock traded up C$0.15 during trading hours on Wednesday, hitting C$6.13. The stock had a trading volume of 109,700 shares, compared to its average volume of 110,723. Roots has a one year low of C$5.95 and a one year high of C$13.55.

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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