Roots (TSE:ROOT) Given New C$4.00 Price Target at TD Securities

Key Points

• TD Securities raised the price target for Roots (TSE:ROOT) from C$3.75 to C$4.00, maintaining a "buy" rating, indicating a potential upside of 25.00% from its previous close.
• On the trading day, Roots' shares declined C$0.05 to C$3.20, with a trading volume of 4,655 shares compared to an average of 8,687.
• The company's stock has a market capitalization of C$128.57 million and operates primarily through its Direct-To-Consumer segment, which contributes the majority of its revenue.

Roots (TSE:ROOT - Get Free Report) had its price objective boosted by research analysts at TD Securities from C$3.75 to C$4.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 25.00% from the stock's previous close.

Roots Stock Performance

Shares of TSE:ROOT traded down C$0.05 during midday trading on Thursday, hitting C$3.20. The company's stock had a trading volume of 4,655 shares, compared to its average volume of 8,687. Roots has a fifty-two week low of C$1.80 and a fifty-two week high of C$3.34. The company has a debt-to-equity ratio of 69.31, a quick ratio of 0.25 and a current ratio of 1.31. The stock has a market capitalization of C$128.57 million, a price-to-earnings ratio of -3.95, a PEG ratio of -0.54 and a beta of 0.53. The stock's 50 day simple moving average is C$3.14 and its 200 day simple moving average is C$2.86.

Roots Company Profile

Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.