Roots Corp (TSE:ROOT) shares dropped 1.2% during trading on Monday . The stock traded as low as C$10.35 and last traded at C$10.38. Approximately 57,260 shares were traded during trading, a decline of 76% from the average daily volume of 238,062 shares. The stock had previously closed at C$10.51.

A number of analysts recently commented on ROOT shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$11.00 target price on shares of Roots in a research report on Monday, November 13th. TD Securities reissued a “buy” rating and set a C$16.00 price objective on shares of Roots in a report on Monday, November 13th. Canaccord Genuity reissued a “buy” rating and set a C$13.00 price objective on shares of Roots in a report on Monday, November 13th. BMO Capital Markets reissued an “outperform” rating and set a C$13.00 price objective on shares of Roots in a report on Monday, November 13th. Finally, Jefferies Group reissued a “buy” rating and set a C$16.00 price objective on shares of Roots in a report on Monday, November 13th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$14.17.

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Roots 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.

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