Roots (TSE:ROOT) Price Target Raised to C$5.00

Roots (TSE:ROOT – Get Rating) had its price target lifted by analysts at Scotiabank from C$4.25 to C$5.00 in a research note issued on Monday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 35.14% from the stock’s previous close.

A number of other analysts have also commented on the stock. boosted their price target on shares of Roots from C$3.50 to C$3.75 and gave the company a “na” rating in a research note on Thursday, December 16th. Royal Bank of Canada boosted their price target on shares of Roots from C$4.00 to C$5.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, TD Securities restated an “action list buy” rating and set a C$5.00 price target on shares of Roots in a research note on Monday, January 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$5.04.

ROOT stock traded down C$0.10 during midday trading on Monday, reaching C$3.70. 38,536 shares of the company’s stock traded hands, compared to its average volume of 37,930. The company has a market cap of C$156.36 million and a price-to-earnings ratio of 9.19. The firm’s fifty day moving average price is C$3.29 and its 200-day moving average price is C$3.14. The company has a quick ratio of 0.25, a current ratio of 1.29 and a debt-to-equity ratio of 101.05. Roots has a 52 week low of C$2.65 and a 52 week high of C$4.39.

Roots Company Profile (Get Rating)

Roots Corporation, together with its subsidiaries, provides apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. 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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