Roots (TSE:ROOT) had its target price reduced by TD Securities from C$6.50 to C$6.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on ROOT. Royal Bank of Canada lifted their target price on shares of Roots from C$4.50 to C$5.00 and gave the stock a sector perform rating in a report on Thursday, April 4th. National Bank Financial lifted their target price on shares of Roots from C$6.00 to C$6.50 and gave the stock an outperform rating in a report on Thursday, April 4th. Canaccord Genuity lifted their target price on shares of Roots from C$5.00 to C$5.50 in a report on Thursday, April 4th. CIBC boosted their price target on shares of Roots from C$4.50 to C$5.00 in a report on Thursday, April 4th. Finally, Jefferies Financial Group boosted their price target on shares of Roots from C$5.00 to C$6.00 in a report on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of C$5.38.

ROOT opened at C$3.28 on Thursday. The company has a debt-to-equity ratio of 45.61, a current ratio of 1.26 and a quick ratio of 0.17. Roots has a 52 week low of C$2.91 and a 52 week high of C$11.95. The firm has a market cap of $134.78 million and a price-to-earnings ratio of 12.15.

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.

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Analyst Recommendations for Roots (TSE:ROOT)

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