Roots Corp (TSE:ROOT) Receives Average Recommendation of “Hold” from Analysts

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.

About Roots

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.

Recommended Story: New Google Finance Tool and Screening Stocks

Analyst Recommendations for Roots (TSE:ROOT)

Receive News & Ratings for Roots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roots and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit