Roots (TSE:ROOT) had its price target decreased by investment analysts at BMO Capital Markets from C$6.00 to C$5.50 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 68.20% from the company’s current price.
Several other analysts also recently weighed in on ROOT. Canaccord Genuity dropped their price objective on Roots from C$6.00 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Royal Bank of Canada upped their price objective on Roots from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 4th. CIBC upped their price objective on Roots from C$4.50 to C$5.00 in a research report on Thursday, April 4th. National Bank Financial upped their price objective on Roots from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, TD Securities dropped their price objective on Roots from C$7.00 to C$6.50 in a research report on Friday, June 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$5.38.
Shares of ROOT stock traded down C$0.11 on Friday, hitting C$3.27. 70,150 shares of the company’s stock were exchanged, compared to its average volume of 126,802. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 45.61. Roots has a 12 month low of C$2.91 and a 12 month high of C$11.95. The company has a market cap of $134.78 million and a P/E ratio of 12.07.
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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