Roots’ (ROOT) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Roots (TSE:ROOT) in a research note published on Tuesday morning, PriceTargets.com reports.

A number of other equities analysts have also issued reports on ROOT. TD Securities raised their target price on Roots from C$4.50 to C$5.00 and gave the stock a buy rating in a research note on Monday, June 14th. National Bank Financial lifted their price objective on Roots to C$6.00 and gave the company a sector perform rating in a research note on Monday, June 14th. BMO Capital Markets lifted their price objective on Roots from C$4.00 to C$4.50 and gave the company a market perform rating in a research note on Monday, June 14th. National Bankshares lifted their price objective on Roots from C$5.00 to C$6.00 and gave the company a sector perform rating in a research note on Monday, June 14th. Finally, Royal Bank of Canada lifted their price objective on Roots from C$2.00 to C$3.00 and gave the company a sector perform rating in a research note on Monday, June 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of C$4.41.

Shares of ROOT stock opened at C$3.10 on Tuesday. The firm has a market capitalization of C$130.96 million and a price-to-earnings ratio of 8.40. The company has a debt-to-equity ratio of 113.12, a current ratio of 1.05 and a quick ratio of 0.22. The business has a fifty day moving average of C$3.37 and a 200 day moving average of C$3.37. Roots has a 1 year low of C$1.02 and a 1 year 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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