Roots Co. (OTCMKTS:RROTF) Given Average Rating of “Hold” by Brokerages

Shares of Roots Co. (OTCMKTS:RROTFGet Rating) have received a consensus rating of “Hold” from the seven brokerages that are covering the firm, reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.79.

A number of research analysts have commented on RROTF shares. Canaccord Genuity Group upped their price target on Roots from C$3.75 to C$4.50 and gave the stock a “hold” rating in a research note on Tuesday, April 12th. Scotiabank upped their price objective on Roots from C$4.25 to C$5.00 in a research report on Monday, April 11th. Finally, Royal Bank of Canada upped their price objective on Roots from C$4.00 to C$5.00 in a research report on Friday, April 8th.

OTCMKTS:RROTF traded down $0.46 during trading hours on Tuesday, reaching $2.49. 5,000 shares of the stock were exchanged, compared to its average volume of 1,775. The business has a 50-day moving average of $2.66 and a two-hundred day moving average of $2.52. Roots has a twelve month low of $1.40 and a twelve month high of $3.06.

About Roots (Get Rating)

Roots Corporation, together with its subsidiaries, designs, markets, and sells 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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Analyst Recommendations for Roots (OTCMKTS:RROTF)

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