Shares of Roots Corp (TSE:ROOT) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$4.29.
A number of brokerages have weighed in on ROOT. TD Securities reduced their target price on Roots from C$5.00 to C$4.50 and set a “buy” rating on the stock in a report on Monday. BMO Capital Markets downgraded Roots from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from C$4.00 to C$3.00 in a report on Tuesday. National Bank Financial cut their price target on Roots from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a report on Tuesday, November 26th. CIBC reduced their price objective on shares of Roots from C$4.50 to C$3.50 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Royal Bank of Canada lowered their price objective on shares of Roots from C$4.50 to C$4.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th.
Shares of ROOT stock traded down C$0.02 during trading on Tuesday, hitting C$2.17. The company had a trading volume of 42,878 shares, compared to its average volume of 104,330. The company has a debt-to-equity ratio of 149.42, a quick ratio of 0.20 and a current ratio of 1.01. The firm has a market capitalization of $94.36 million and a P/E ratio of 55.64. The stock’s 50-day moving average price is C$2.09 and its 200 day moving average price is C$2.86. Roots has a one year low of C$1.85 and a one year high of C$4.77.
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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