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Roots Corporation ( (TSE:ROOT) ) has issued an update.
Roots Corporation announced the results of its Fiscal 2024 Annual and Special Meeting of Shareholders, highlighting the election of new board members and the reappointment of KPMG LLP as auditors. The inclusion of Scott Cameron and Edward Kernaghan to the board is expected to enhance Roots’ strategic direction, particularly in global expansion and capital markets expertise, reflecting a promising future for the company.
The most recent analyst rating on (TSE:ROOT) stock is a Buy with a C$3.25 price target. To see the full list of analyst forecasts on Roots Corporation stock, see the TSE:ROOT Stock Forecast page.
Spark’s Take on TSE:ROOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:ROOT is a Neutral.
Roots Corporation’s stock score reflects a mixed performance. The most significant positive factor is the strong sales growth and operational improvements highlighted in the earnings call and corporate events. While technical indicators show moderate positive trends, the financial performance and valuation are concerning due to profitability challenges and a negative P/E ratio.
To see Spark’s full report on TSE:ROOT stock, click here.
More about Roots Corporation
Roots Corporation is a premium outdoor lifestyle brand known for its high-quality apparel and accessories. The company focuses on delivering products that cater to outdoor enthusiasts and fashion-conscious consumers, with a market presence that emphasizes global expansion.
Average Trading Volume: 6,566
Technical Sentiment Signal: Buy
Current Market Cap: C$124.3M
See more insights into ROOT stock on TipRanks’ Stock Analysis page.