Roots (TSE:ROOT – Get Rating) had its price target boosted by analysts at BMO Capital Markets from C$3.25 to C$3.50 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 16.67% from the company’s current price.
Several other research firms have also recently issued reports on ROOT. Royal Bank of Canada lowered their target price on shares of Roots from C$4.00 to C$3.00 and set a “sector perform” rating on the stock in a research note on Monday, December 12th. TD Securities cut shares of Roots from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$4.50 to C$3.25 in a research note on Monday, December 12th. Finally, Canaccord Genuity Group lowered their target price on shares of Roots from C$3.50 to C$2.75 in a research note on Monday, December 12th.
Roots Stock Performance
TSE ROOT opened at C$3.00 on Thursday. Roots has a 1 year low of C$2.33 and a 1 year high of C$3.95. The company has a debt-to-equity ratio of 80.61, a current ratio of 1.23 and a quick ratio of 0.25. The stock has a market capitalization of C$125.16 million, a PE ratio of 11.54, a P/E/G ratio of -0.54 and a beta of 2.97. The company’s 50 day simple moving average is C$2.98 and its two-hundred day simple moving average is C$2.87.
Roots Company Profile
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 e-commerce.
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