Roots (TSE:ROOT) PT Raised to C$3.50 at Royal Bank of Canada

Roots (TSE:ROOT) had its price target lifted by stock analysts at Royal Bank of Canada from C$3.00 to C$3.50 in a report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 19.45% from the company’s current price.

ROOT has been the subject of several other reports. Scotiabank reiterated a “hold” rating and set a C$4.25 target price on shares of Roots in a research report on Monday, September 13th. National Bank Financial lifted their target price on Roots to C$6.00 and gave the stock a “sector perform” rating in a research report on Monday, June 14th. TD Securities reiterated a “buy” rating and set a C$5.00 target price on shares of Roots in a research report on Monday, September 13th. National Bankshares lifted their target price on Roots from C$5.00 to C$6.00 and gave the stock a “sector perform” rating in a research report on Monday, June 14th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Roots in a research report on Tuesday, September 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$4.47.

TSE ROOT opened at C$2.93 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.16 and a debt-to-equity ratio of 113.31. The company has a fifty day moving average of C$3.25 and a two-hundred day moving average of C$3.37. The firm has a market capitalization of C$123.78 million and a price-to-earnings ratio of 7.46. Roots has a 52 week low of C$1.02 and a 52 week high of C$4.39.

Roots Company Profile

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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Analyst Recommendations for Roots (TSE:ROOT)

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