Roots (TSE:ROOT) Lowered to Sector Perform at National Bank Financial

National Bank Financial cut shares of Roots (TSE:ROOT) from an outperform rating to a sector perform rating in a report published on Tuesday morning, BayStreet.CA reports. The firm currently has C$4.25 price objective on the stock, down from their previous price objective of C$5.00.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada lowered their price target on shares of Roots from C$5.00 to C$4.50 and set a sector perform rating for the company in a research report on Friday, June 7th. BMO Capital Markets lowered their price target on shares of Roots from C$6.00 to C$5.50 in a research report on Friday, June 14th. CIBC lowered their price target on shares of Roots from C$5.00 to C$4.50 in a research report on Friday, June 14th. Finally, TD Securities lowered their price target on shares of Roots from C$6.50 to C$6.00 and set a buy rating for the company in a research report on Thursday, June 13th.

Roots stock opened at C$3.09 on Tuesday. The company has a 50-day simple moving average of C$3.45 and a 200-day simple moving average of C$3.92. The firm has a market capitalization of $141.52 million and a P/E ratio of 18.18. The company has a debt-to-equity ratio of 127.51, a quick ratio of 0.09 and a current ratio of 0.88. Roots has a one year low of C$2.91 and a one year high of C$10.45.



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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