National Bank Financial lowered shares of Roots (TSE:ROOT) from an outperform rating to a sector perform rating in a report issued on Tuesday, BayStreet.CA reports. They currently have C$4.25 target price on the stock, down from their prior target price of C$5.00.
Several other analysts have also recently commented on ROOT. Royal Bank of Canada dropped their price target on Roots from C$5.00 to C$4.50 and set a sector perform rating for the company in a research report on Friday, June 7th. BMO Capital Markets dropped their price target on Roots from C$6.00 to C$5.50 in a research report on Friday, June 14th. TD Securities dropped their price target on Roots from C$6.50 to C$6.00 and set a buy rating for the company in a research report on Thursday, June 13th. Finally, CIBC dropped their price target on Roots from C$5.00 to C$4.50 in a research report on Friday, June 14th.
Shares of ROOT opened at C$3.08 on Tuesday. The company has a debt-to-equity ratio of 127.51, a quick ratio of 0.09 and a current ratio of 0.88. Roots has a one year low of C$2.91 and a one year high of C$10.45. The stock has a market capitalization of $141.52 million and a price-to-earnings ratio of 18.12. The stock has a 50 day moving average price of C$3.46 and a 200 day moving average price of C$3.92.
Roots Corporation, together with its subsidiaries, provides women's, men's, kids, toddler, and baby apparel; leather goods; footwear; and accessories under the Roots brand. 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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