Roots (TSE:ROOT) PT Lowered to C$4.00 at National Bank Financial

Roots (TSE:ROOT) had its price objective reduced by National Bank Financial from C$4.25 to C$4.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

ROOT has been the topic of several other reports. Royal Bank of Canada dropped 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 research note on Tuesday. BMO Capital Markets dropped their price objective on shares of Roots from C$5.50 to C$4.00 in a research note on Thursday. CIBC dropped their price objective on shares of Roots from C$5.00 to C$4.50 in a research note on Friday, June 14th. Finally, TD Securities dropped their price objective on shares of Roots from C$5.50 to C$5.00 in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Roots presently has an average rating of Hold and a consensus target price of C$4.75.

ROOT traded down C$0.01 during trading on Thursday, hitting C$2.39. The stock had a trading volume of 193,727 shares, compared to its average volume of 108,919. The company has a debt-to-equity ratio of 127.51, a quick ratio of 0.09 and a current ratio of 0.88. The firm has a market capitalization of $105.09 million and a P/E ratio of 14.06. The company’s 50-day moving average price is C$3.05 and its 200 day moving average price is C$3.73. Roots has a twelve month low of C$2.28 and a twelve month high of C$7.26.



Roots Company Profile

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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