RBC Capital Maintains Their Hold Rating on Roots Corporation (ROOT)

By Carrie Williams

Wall Street analyst has provided a rating update today, while remaining neutral on the stock. The NA company, Roots Corporation (TSX: ROOT) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Khan is ranked #2255 out of 5539 analysts.

Roots Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$5.10.

Based on Roots Corporation’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of C$9.77 million. In comparison, last year the company had a GAAP net loss of C$4.08 million.

Roots Corp. engages in the provision of leather goods, apparel, and accessories. It operates through the Direct-to-consumer (DTC); and Partners and Other segments. The Direct-to-consumer segment comprises of sales through its corporate retail stores, and e-commerce.

The company’s shares closed last Tuesday at C$2.62, close to its 52-week low of C$2.38.