Roots (ROOT) Price Target Lowered to C$12.00 at Canaccord Genuity

Roots (TSE:ROOT) had its price target cut by Canaccord Genuity from C$16.00 to C$12.00 in a report issued on Thursday.

ROOT has been the topic of several other research reports. TD Securities set a C$17.00 price target on shares of Roots in a research report on Monday, June 11th. BMO Capital Markets reiterated an outperform rating and set a C$16.00 price target on shares of Roots in a research report on Monday, June 18th. 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 report on Monday. 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 report on Thursday. Finally, CIBC reduced their price target on shares of Roots from C$13.00 to C$10.00 in a research report on Thursday. 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. The company has a consensus rating of Buy and an average target price of C$13.33.

Shares of TSE ROOT opened at C$7.06 on Thursday. Roots has a 1 year low of C$7.02 and a 1 year high of C$13.55.

In related news, Director James Alan Gabel sold 3,400 shares of the business’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.

See Also: Fundamental Analysis

Analyst Recommendations for Roots (TSE:ROOT)

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