Roots (ROOT) PT Lowered to C$15.00 at TD Securities

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

Other research analysts also recently issued research reports about the company. CIBC reduced their price objective on Roots from C$14.00 to C$13.00 in a report on Thursday, June 14th. Canaccord Genuity reduced their price objective on Roots from C$16.00 to C$12.00 in a report on Thursday. National Bank Financial reduced their price objective on Roots from C$14.50 to C$13.50 and set an outperform rating on the stock in a report on Monday, September 10th. BMO Capital Markets reaffirmed an outperform rating and set a C$16.00 price objective on shares of Roots in a report on Monday, June 18th. Finally, Royal Bank of Canada reduced their price objective on Roots from C$13.00 to C$10.00 and set a sector perform rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Roots presently has an average rating of Buy and an average price target of C$13.33.

TSE:ROOT opened at C$6.86 on Thursday. Roots has a 52-week low of C$6.58 and a 52-week high of C$13.55.

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

Roots Company Profile

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.

Featured Article: NASDAQ Stock Market Explained

Analyst Recommendations for Roots (TSE:ROOT)

Receive News & Ratings for Roots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roots and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply