Roots Corp (TSE:ROOT) has earned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$4.14.
ROOT has been the subject of several research analyst reports. BMO Capital Markets lowered Roots from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$4.00 to C$3.00 in a research report on Tuesday, December 3rd. National Bank Financial cut their price target on shares of Roots from C$4.00 to C$3.50 and set a “sector perform” rating on the stock in a research note on Tuesday, November 26th. TD Securities reduced their price target on shares of Roots from C$5.00 to C$4.50 and set a “buy” rating for the company in a report on Monday, December 2nd. CIBC lowered 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 dropped their price objective on shares of Roots from C$3.50 to C$3.00 and set a “reduce” rating on the stock in a report on Thursday.
ROOT traded down C$0.02 during mid-day trading on Tuesday, hitting C$2.06. The stock had a trading volume of 317,672 shares, compared to its average volume of 106,352. The stock’s fifty day simple moving average is C$2.09 and its 200-day simple moving average is C$2.83. The firm has a market capitalization of $86.78 million and a price-to-earnings ratio of 52.82. Roots has a 1-year low of C$1.85 and a 1-year high of C$4.77. The company has a debt-to-equity ratio of 149.42, a current ratio of 1.01 and a quick ratio of 0.20.
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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