Roots (ROOT) Price Target Lowered to C$6.00 at National Bank Financial

Roots (TSE:ROOT) had its price objective lowered by National Bank Financial from C$7.50 to C$6.00 in a research note released on Thursday. National Bank Financial currently has an outperform rating on the stock.

Several other analysts have also issued reports on ROOT. TD Securities reiterated an action list buy rating and set a C$17.00 price target on shares of Roots in a research report on Tuesday, August 28th. Royal Bank of Canada reduced their price target on shares of Roots from C$13.00 to C$10.00 and set a sector perform rating on the stock in a research report on Thursday, September 13th. CIBC reduced their price target on shares of Roots from C$13.00 to C$10.00 in a research report on Thursday, September 13th. Canaccord Genuity reduced their price target on shares of Roots from C$16.00 to C$12.00 in a research report on Thursday, September 13th. Finally, CSFB reduced their price target on shares of Roots from C$8.50 to C$6.00 in a research report on Thursday, October 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$8.06.

TSE ROOT opened at C$3.65 on Thursday. The company has a current ratio of 1.69, a quick ratio of 0.25 and a debt-to-equity ratio of 63.40. Roots has a 1 year low of C$3.21 and a 1 year high of C$13.55.



Roots Company Profile

Roots Corporation, together with its subsidiaries, provides a portfolio of apparel, leather goods, accessories, and footwear products under the Roots brand. The company operates through two segments, Direct-To-Consumer (DTC), and Partners and Other. The DTC 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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