Roots (ROOT) Price Target Cut to C$6.00

Roots (TSE:ROOT) had its target price decreased by stock analysts at National Bank Financial from C$7.50 to C$6.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 70.45% from the stock’s current price.

A number of other brokerages have also recently weighed in 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 dropped their price target on 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. Canaccord Genuity dropped their price target on Roots from C$16.00 to C$12.00 in a research report on Thursday, September 13th. CIBC dropped their price target on Roots from C$13.00 to C$10.00 in a research report on Thursday, September 13th. Finally, CSFB dropped their price target on Roots from C$8.50 to C$6.00 in a research report on Thursday, October 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Roots presently has an average rating of “Buy” and a consensus target price of C$8.06.

TSE ROOT traded down C$0.01 on Thursday, hitting C$3.52. 252,689 shares of the stock traded hands, compared to its average volume of 114,504. The company has a debt-to-equity ratio of 63.40, a quick ratio of 0.25 and a current ratio of 1.69. Roots has a twelve month low of C$3.21 and a twelve month 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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