Roots (TSE:ROOT) had its price objective cut by TD Securities from C$5.50 to C$5.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.
A number of other brokerages have also recently issued reports on ROOT. BMO Capital Markets lowered their target price on shares of Roots from C$6.00 to C$5.50 in a report on Friday, June 14th. Royal Bank of Canada lowered their target price 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. National Bank Financial cut shares of Roots from an outperform rating to a sector perform rating and lowered their target price for the company from C$5.00 to C$4.25 in a report on Tuesday, August 13th. Finally, CIBC lowered their target price on shares of Roots from C$5.00 to C$4.50 in a report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$4.75.
ROOT stock traded down C$0.01 during midday trading on Thursday, reaching C$2.39. 193,727 shares of the company’s stock traded hands, compared to its average volume of 108,919. The company has a 50-day moving average price of C$3.05 and a two-hundred day moving average price of C$3.73. The company has a debt-to-equity ratio of 127.51, a quick ratio of 0.09 and a current ratio of 0.88. Roots has a 52 week low of C$2.28 and a 52 week high of C$7.26. The firm has a market capitalization of $105.09 million and a PE ratio of 14.06.
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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