Roots (TSE:ROOT) Price Target Raised to C$3.75 at TD Securities

Roots (TSE:ROOT) had its price objective upped by TD Securities from C$3.50 to C$3.75 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Roots Stock Performance

Shares of TSE ROOT opened at C$3.20 on Monday. The business’s 50-day moving average price is C$2.89 and its two-hundred day moving average price is C$2.51. The company has a debt-to-equity ratio of 69.31, a current ratio of 1.31 and a quick ratio of 0.25. Roots has a one year low of C$1.80 and a one year high of C$3.34. The company has a market capitalization of C$129.43 million, a P/E ratio of 44.72, a price-to-earnings-growth ratio of -0.54 and a beta of 2.42.

About Roots

Roots Corporation, together with its subsidiaries, designs, markets, and sells apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. 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 ecommerce.