Roots (ROOT) Price Target Lowered to C$9.00 at BMO Capital Markets
Other equities research analysts have also issued reports about the stock. TD Securities reiterated an action list buy rating and set a C$17.00 price target on shares of Roots in a report on Tuesday, August 28th. Canaccord Genuity lowered their price target on shares of Roots from C$16.00 to C$12.00 in a report on Thursday, September 13th. National Bank Financial decreased their price objective on shares of Roots from C$14.50 to C$13.50 and set an outperform rating for the company in a report on Monday, September 10th. Royal Bank of Canada decreased their price objective on shares of Roots from C$10.00 to C$6.00 and set a sector perform rating for the company in a report on Tuesday, November 13th. Finally, CSFB decreased their price objective on shares of Roots from C$8.50 to C$6.00 in a report on Thursday, October 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$8.06.
TSE:ROOT opened at C$3.59 on Tuesday. Roots has a 52 week low of C$3.21 and a 52 week high of C$13.55. The company has a quick ratio of 0.25, a current ratio of 1.69 and a debt-to-equity ratio of 63.40.
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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