Roots Corporation (ROOT), was revisited today, and remains undervalued for at least one analyst on the street. Analyst Camilo Lyon from Canaccord Genuity reiterated a Buy rating, with a C$5.50 price target.
According to TipRanks.com, Lyon has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.1% and a 42.6% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica Inc, Columbia Sportswear, and The Lovesac Company.
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Currently, the analyst consensus on Roots Corporation is a Moderate Buy with an average price target of C$5.50, implying a 22.2% upside from current levels. In a report released today, National Bank also maintained a Buy rating on the stock with a C$6.50 price target.
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Roots Corporation’s market cap is currently C$177.7M and has a P/E ratio of 13. The company has a Price to Book ratio of 0.91.
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 Thursday at C$4.50, close to its 52-week low of C$2.91.