National Bank Financial Lowers Roots (TSE:ROOT) to Sector Perform

National Bank Financial downgraded shares of Roots (TSE:ROOT) from an outperform rating to a sector perform rating in a report issued on Tuesday morning, BayStreet.CA reports. They currently have C$4.25 price objective on the stock, down from their previous price objective of C$5.00.

A number of other equities research analysts have also weighed in on ROOT. Royal Bank of Canada dropped their price target on Roots from C$5.00 to C$4.50 and set a sector perform rating on the stock in a research note on Friday, June 7th. CIBC dropped their price target on Roots from C$5.00 to C$4.50 in a research note on Friday, June 14th. TD Securities dropped their price target on Roots from C$6.50 to C$6.00 and set a buy rating on the stock in a research note on Thursday, June 13th. Finally, BMO Capital Markets dropped their price target on Roots from C$6.00 to C$5.50 in a research note on Friday, June 14th.

Shares of ROOT stock opened at C$3.08 on Tuesday. Roots has a fifty-two week low of C$2.91 and a fifty-two week high of C$10.45. The firm has a market capitalization of $141.52 million and a price-to-earnings ratio of 18.12. The company has a debt-to-equity ratio of 127.51, a quick ratio of 0.09 and a current ratio of 0.88. The stock’s 50-day simple moving average is C$3.46 and its 200-day simple moving average is C$3.92.

Roots Company Profile

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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