Roots (TSE:ROOT) Price Target Cut to C$5.00

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Roots (TSE:ROOT) had its price objective cut by TD Securities from C$5.50 to C$5.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

ROOT has been the topic of several other research reports. Royal Bank of Canada decreased their price target 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 cut shares of Roots from an outperform rating to a sector perform rating and decreased their price target for the stock from C$5.00 to C$4.25 in a research note on Tuesday, August 13th. BMO Capital Markets decreased their price target on shares of Roots from C$6.00 to C$5.50 in a research note on Friday, June 14th. Finally, CIBC decreased their price target on shares of Roots from C$5.00 to C$4.50 in a research note on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of C$4.75.

Shares of ROOT stock opened at C$2.39 on Thursday. The stock has a market cap of $100.68 million and a P/E ratio of 14.06. Roots has a 52 week low of C$2.28 and a 52 week high of C$7.26. The company has a quick ratio of 0.09, a current ratio of 0.88 and a debt-to-equity ratio of 127.51. The company’s fifty day simple moving average is C$3.03 and its two-hundred day simple moving average is C$3.72.

Roots Company Profile

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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Analyst Recommendations for Roots (TSE:ROOT)

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