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

Roots (TSE:ROOT - Get Free Report) had its target price increased by TD Securities from C$3.50 to C$3.75 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 12.95% from the stock's previous close.

Roots Stock Performance

Shares of Roots stock remained flat at C$3.32 during mid-day trading on Monday. 5,173 shares of the company's stock traded hands, compared to its average volume of 11,231. Roots has a 1 year low of C$1.80 and a 1 year high of C$3.34. The firm's 50 day moving average is C$2.86 and its 200-day moving average is C$2.50. The company has a quick ratio of 0.25, a current ratio of 1.31 and a debt-to-equity ratio of 69.31. The stock has a market capitalization of C$134.29 million, a P/E ratio of 46.40, a P/E/G 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.