Brokerages Set Roots Corp (TSE:ROOT) Price Target at C$1.71

Shares of Roots Corp (TSE:ROOT) have received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$1.71.

ROOT has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Roots from C$1.00 to C$1.50 and gave the company a “sector perform” rating in a research report on Monday, June 15th. Jefferies Financial Group reduced their price target on shares of Roots from C$2.00 to C$1.00 in a research report on Wednesday, April 1st. TD Securities reduced their price target on shares of Roots from C$4.25 to C$2.75 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Scotiabank lowered shares of Roots from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$3.50 to C$1.75 in a research report on Thursday, April 30th. Finally, BMO Capital Markets lifted their price target on shares of Roots from C$1.25 to C$1.50 in a research report on Monday, June 15th.

ROOT traded up C$0.01 during trading on Friday, reaching C$1.22. The company’s stock had a trading volume of 5,900 shares, compared to its average volume of 60,472. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 149.64. The firm has a fifty day simple moving average of C$1.16 and a two-hundred day simple moving average of C$1.45. Roots has a 1 year low of C$0.62 and a 1 year high of C$3.62. The company has a market cap of $49.29 million and a price-to-earnings ratio of -0.86.

About Roots

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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Analyst Recommendations for Roots (TSE:ROOT)

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