TD Securities Issues Positive Forecast for Roots (TSE:ROOT) Stock Price

Roots (TSE:ROOT) had its target price boosted by TD Securities from C$3.50 to C$3.75 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Roots Price Performance

Shares of TSE ROOT opened at C$3.32 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.25 and a debt-to-equity ratio of 69.31. The stock has a fifty day simple moving average of C$2.86 and a two-hundred day simple moving average of C$2.50. Roots has a 1-year low of C$1.80 and a 1-year high of C$3.34. The firm has a market cap of C$134.29 million, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of -0.54 and a beta of 2.42.

Roots Company Profile

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 ecommerce.