Jefferies Financial Group lowered shares of Roots (TSE:ROOT) from a buy rating to a hold rating in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has C$2.00 target price on the stock, down from their previous target price of C$5.00.
Several other research firms have also commented on ROOT. National Bank Financial reduced their target price on shares of Roots from C$4.00 to C$3.50 and set a sector perform rating on the stock in a report on Tuesday, November 26th. TD Securities reduced their target price on shares of Roots from C$4.50 to C$4.25 and set a buy rating on the stock in a report on Monday. BMO Capital Markets lowered shares of Roots from an outperform rating to a market perform rating and reduced their target price for the company from C$4.00 to C$3.00 in a report on Tuesday, December 3rd. Royal Bank of Canada reduced their target price on shares of Roots from C$3.50 to C$3.00 and set a reduce rating on the stock in a report on Thursday, December 5th. Finally, CIBC reduced their target price on shares of Roots from C$4.50 to C$3.50 and set a neutral rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$3.54.
Shares of TSE:ROOT opened at C$2.03 on Monday. The company’s fifty day moving average price is C$2.10 and its 200-day moving average price is C$2.77. The firm has a market capitalization of $86.78 million and a price-to-earnings ratio of 52.05. Roots has a one year low of C$1.85 and a one year 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.
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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