Roots (TSE:ROOT) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, BayStreet.CA reports. They presently have a C$3.00 price objective on the stock, down from their prior price objective of C$4.00. BMO Capital Markets’ target price indicates a potential upside of 39.86% from the stock’s current price.
A number of other brokerages also recently commented on ROOT. National Bank Financial decreased their price objective on shares of Roots from C$4.00 to C$3.50 and set a “sector perform” rating for the company in a research report on Tuesday, November 26th. Royal Bank of Canada cut their target price 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. CIBC cut their target price on shares of Roots from C$4.50 to C$3.50 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, TD Securities reduced their price target on Roots from C$5.00 to C$4.50 and set a “buy” rating for the company in a report on Monday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$4.29.
TSE ROOT traded down C$0.04 on Tuesday, hitting C$2.15. 37,178 shares of the stock were exchanged, compared to its average volume of 104,305. The company has a debt-to-equity ratio of 149.42, a current ratio of 1.01 and a quick ratio of 0.20. The business’s fifty day moving average is C$2.09 and its 200 day moving average is C$2.86. Roots has a 52 week low of C$1.85 and a 52 week high of C$4.77. The company has a market capitalization of $94.36 million and a PE ratio of 55.00.
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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