Roots (TSE:ROOT) had its price target reduced by stock analysts at BMO Capital Markets from C$5.50 to C$4.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 68.07% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. TD Securities dropped their price objective on shares of Roots from C$5.50 to C$5.00 in a report on Thursday. National Bank Financial downgraded shares of Roots from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$5.00 to C$4.25 in a report on Tuesday, August 13th. Royal Bank of Canada dropped their price objective on shares of Roots from C$4.50 to C$4.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, CIBC dropped their price objective on shares of Roots from C$5.00 to C$4.50 in a report on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$4.75.
TSE ROOT traded up C$0.01 during trading on Thursday, hitting C$2.38. 326,434 shares of the company’s stock traded hands, compared to its average volume of 108,203. The stock has a market capitalization of $105.09 million and a price-to-earnings ratio of 14.00. Roots has a 12-month low of C$2.28 and a 12-month high of C$7.92. The company has a debt-to-equity ratio of 127.51, a quick ratio of 0.09 and a current ratio of 0.88. The business has a 50 day moving average of C$3.05 and a 200-day moving average of C$3.73.
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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