Roots (TSE:ROOT) had its target price decreased by investment analysts at CIBC from C$5.00 to C$4.50 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 37.61% from the stock’s current price.
Several other research firms have also recently commented on ROOT. National Bank Financial cut their target price on Roots from C$6.50 to C$5.50 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. TD Securities cut their target price on Roots from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets cut their target price on Roots from C$6.00 to C$5.50 in a research note on Friday. Canaccord Genuity boosted their target price on Roots from C$5.00 to C$5.50 in a research note on Thursday, April 4th. Finally, Royal Bank of Canada boosted their target price on Roots from C$4.50 to C$5.00 and gave the company a “sector perform” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$5.38.
TSE ROOT traded down C$0.11 during trading on Friday, hitting C$3.27. The stock had a trading volume of 70,150 shares, compared to its average volume of 126,802. The stock has a market capitalization of $134.78 million and a price-to-earnings ratio of 12.07. The company has a debt-to-equity ratio of 45.61, a quick ratio of 0.17 and a current ratio of 1.26. Roots has a 12 month low of C$2.91 and a 12 month high of C$11.95.
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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