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.
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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