Roots (TSE:ROOT) Price Target Lowered to C$3.50 at Canaccord Genuity Group

Roots (TSE:ROOTGet Rating) had its price target cut by Canaccord Genuity Group from C$3.75 to C$3.50 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Roots Trading Up 2.6 %

ROOT opened at C$3.16 on Wednesday. The company has a debt-to-equity ratio of 80.53, a current ratio of 1.27 and a quick ratio of 0.45. The company has a market cap of C$131.76 million and a price-to-earnings ratio of 6.20. The firm has a 50 day simple moving average of C$3.13 and a 200 day simple moving average of C$3.24. Roots has a fifty-two week low of C$2.65 and a fifty-two week high of C$3.95.

Roots Company Profile

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Roots Corporation, together with its subsidiaries, designs, markets, and sells 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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