Roots (TSE:ROOT) had its price target lowered by analysts at TD Securities from C$4.50 to C$4.25 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 105.31% from the stock’s current price.
ROOT has been the topic of several other reports. BMO Capital Markets lowered Roots from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$4.00 to C$3.00 in a research note on Tuesday, December 3rd. CIBC lowered their price objective on Roots from C$4.50 to C$3.50 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. National Bank Financial lowered their price objective on Roots from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada lowered their price objective on Roots from C$3.50 to C$3.00 and set a “reduce” rating on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$3.54.
ROOT stock opened at C$2.07 on Monday. Roots has a 1-year low of C$1.85 and a 1-year high of C$4.77. The firm has a market cap of $86.78 million and a P/E ratio of 53.08. The business’s 50 day moving average is C$2.10 and its 200-day moving average is C$2.79. The company has a current ratio of 1.01, a quick ratio of 0.20 and a debt-to-equity ratio of 149.42.
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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