Roots Corporation (ROOT), was revisited by a Wall Street analyst today. Analyst Stephen Macleod from BMO Capital reiterated a Buy rating, with a C$5.50 price target.
According to TipRanks.com, Macleod is ranked #507 out of 5202 analysts.
Roots Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$5.25, a 61.5% upside from current levels. In a report issued on June 11, Canaccord Genuity also reiterated a Buy rating on the stock with a C$5.50 price target.
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Roots Corporation’s market cap is currently C$142.4M and has a P/E ratio of 12.5. The company has a Price to Book ratio of 0.66.
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 Friday at C$3.25, close to its 52-week low of C$2.91.
