Roots (TSE:ROOT) Shares Up 7.3%

Roots Co. (TSE:ROOT) shares shot up 7.3% during trading on Friday . The stock traded as high as C$3.86 and last traded at C$3.81. 122,079 shares changed hands during trading, an increase of 103% from the average session volume of 60,059 shares. The stock had previously closed at C$3.55.

A number of brokerages have recently issued reports on ROOT. TD Securities boosted their price objective on Roots from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Friday, April 9th. BMO Capital Markets boosted their price objective on Roots from C$2.75 to C$4.00 and gave the company a “sector perform” rating in a research note on Friday, April 9th. Finally, National Bankshares boosted their price objective on Roots from C$3.00 to C$5.00 and gave the company a “sector perform” rating in a research note on Friday, April 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$3.14.

The firm has a 50 day moving average of C$3.37. The firm has a market cap of C$162.88 million and a PE ratio of 11.45. The company has a debt-to-equity ratio of 104.93, a quick ratio of 0.25 and a current ratio of 0.95.

About Roots (TSE:ROOT)

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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