Roots (TSE:ROOT) had its price target reduced by BMO Capital Markets from C$5.50 to C$4.00 in a research report sent to investors on Thursday, BayStreet.CA reports.
A number of other equities analysts also recently commented on ROOT. Royal Bank of Canada reduced their target price on shares of Roots from C$4.50 to C$4.00 and set a sector perform rating on the stock in a research note on Tuesday, September 10th. National Bank Financial downgraded shares of Roots from an outperform rating to a sector perform rating and reduced their target price for the stock from C$5.00 to C$4.25 in a research note on Tuesday, August 13th. TD Securities reduced their target price on shares of Roots from C$5.50 to C$5.00 and set a buy rating on the stock in a research note on Thursday. Finally, CIBC reduced their target price on shares of Roots from C$5.00 to C$4.50 in a research note on Friday, June 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$4.75.
Shares of ROOT stock opened at C$2.39 on Thursday. The company has a debt-to-equity ratio of 127.51, a current ratio of 0.88 and a quick ratio of 0.09. The firm’s 50-day moving average is C$3.03 and its two-hundred day moving average is C$3.72. Roots has a 12 month low of C$2.28 and a 12 month high of C$7.26. The company has a market capitalization of $100.68 million and a PE ratio of 14.06.
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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