Roots Corp (TSE:ROOT) Given Average Recommendation of “Hold” by Analysts
Shares of Roots Corp (TSE:ROOT) have earned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$4.29.
ROOT has been the topic of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of Roots from C$4.50 to C$4.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. BMO Capital Markets lowered shares of Roots from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$4.00 to C$3.00 in a report on Tuesday. National Bank Financial lowered their target price on shares of Roots from C$4.00 to C$3.50 and set a “sector perform” rating for the company in a report on Tuesday, November 26th. TD Securities dropped their price target on Roots from C$5.00 to C$4.50 and set a “buy” rating on the stock in a research report on Monday. Finally, CIBC cut their price target on Roots from C$4.50 to C$3.50 and set a “neutral” rating on the stock in a research note on Thursday, September 12th.
TSE ROOT traded down C$0.02 during trading hours on Tuesday, reaching C$2.17. 42,878 shares of the company’s stock traded hands, compared to its average volume of 104,330. Roots has a 52-week low of C$1.85 and a 52-week 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. The firm has a 50-day simple moving average of C$2.09 and a 200 day simple moving average of C$2.86. The firm has a market cap of $94.36 million and a PE ratio of 55.64.
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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