Shares of Roots Co. (OTCMKTS:RROTF) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $3.40.
A number of equities research analysts recently weighed in on RROTF shares. Scotiabank upped their price objective on Roots from $3.00 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, April 9th. BMO Capital Markets upped their price objective on Roots from $2.75 to $4.00 and gave the stock a “market perform” rating in a research note on Friday, April 9th. Finally, TD Securities upped their target price on Roots from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Friday, April 9th.
Shares of OTCMKTS RROTF opened at $2.92 on Friday. Roots has a 1-year low of $0.64 and a 1-year high of $3.00. The business has a fifty day moving average price of $2.55 and a 200 day moving average price of $1.76.
Roots Corporation, together with its subsidiaries, provides apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and e-commerce.
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