BMO Capital Thinks Roots Corporation’s Stock is Going to Recover
Roots Corporation (ROOT) has received a rating update from a Wall Street analyst today. Analyst Stephen Macleod from BMO Capital rated Roots Corporation (ROOT) a Buy, setting a C$9 price target.
According to TipRanks.com, Macleod is ranked #535 out of 5142 analysts.
Roots Corporation has an analyst consensus of Strong Buy, with a price target consensus of C$9.13, representing a 98.5% upside. In a report issued on November 30, National Bank also maintained a Buy rating on the stock with a C$7.50 price target.
Roots Corporation’s market cap is currently C$193.8M and has a P/E ratio of 12.6. The company has a Price to Book ratio of 1.
Roots Corp. engages in the provision of leather goods, apparel, and accessories. It operates through the Direct-to-consumer ( DTC); and Partners and Other segments. The Direct-to-consumer segment comprises of sales through its corporate retail stores, and e-commerce.
The company’s shares closed on Monday at C$4.60, close to its 52-week low of C$3.92.