Roots Corp (ROOT) Receives “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Roots Corp (TSE:ROOT) in a research report report published on Monday morning. Jefferies Group LLC currently has a C$16.00 price target on the stock.

Several other research analysts have also weighed in on the stock. TD Securities reissued a buy rating and set a C$16.00 price objective on shares of Roots Corp in a research note on Monday. Royal Bank Of Canada reissued a sector perform rating and set a C$11.00 price objective on shares of Roots Corp in a research note on Monday. BMO Capital Markets reissued an outperform rating and set a C$13.00 price objective on shares of Roots Corp in a research note on Monday. Finally, Canaccord Genuity reissued a buy rating and set a C$13.00 price objective on shares of Roots Corp in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$13.80.

Shares of Roots Corp (TSE ROOT) traded down C$0.05 during midday trading on Monday, hitting C$9.60. 46,469 shares of the stock traded hands, compared to its average volume of 362,863. Roots Corp has a one year low of C$8.55 and a one year high of C$11.55.

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Roots Corp Company Profile

Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men’s and women’s clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others.

Analyst Recommendations for Roots Corp (TSE:ROOT)

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