New York: DAVIDsTEA (NASDAQ:DTEA) Stock Has Just Had Its Market Perform Rating Reiterated by BMO Capital. Shares now Have a $3.5 Target

June 12, 2018 - By Tina Thibodeau

DAVIDsTEA Inc. (NASDAQ:DTEA) Logo

DAVIDsTEA (NASDAQ:DTEA) Rating Reaffirmed

In a note released on 12 June, The Market Perform rating of DAVIDsTEA (NASDAQ:DTEA) shares was reaffirmed at BMO Capital, who now has a $3.5 price target on the stock. BMO Capital’s price target suggests a possible downside of -1.41 % from the stock close price of the company.

The stock decreased 8.97% or $0.35 during the last trading session, reaching $3.55. About 30,449 shares traded or 169.99% up from the average. DAVIDsTEA Inc. (NASDAQ:DTEA) has declined 41.50% since June 12, 2017 and is downtrending. It has underperformed by 54.07% the S&P500.

DAVIDsTEA Inc. operates as a retailer of specialty tea in Canada and the United States. The company has market cap of $91.99 million. The firm offers approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages. It currently has negative earnings. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

More notable recent DAVIDsTEA Inc. (NASDAQ:DTEA) news were published by: Benzinga.com which released: “Earnings Scheduled For June 11, 2018” on June 11, 2018, also Nasdaq.com with their article: “Rainy Day Investments Asks: Why the Delay in DAVIDsTEA’s Q1 Results?” published on June 06, 2018, Globenewswire.com published: “DAVIDsTEA Inc. Announces First Quarter Fiscal 2018 Financial Results” on June 11, 2018. More interesting news about DAVIDsTEA Inc. (NASDAQ:DTEA) were released by: Streetinsider.com and their article: “DAVIDsTEA Inc. (DTEA) Reports Q4 Loss of Cdn$0.07/Share” published on June 11, 2018 as well as Nasdaq.com‘s news article titled: “DAVIDsTEA Urges Shareholders to Vote the YELLOW Proxy Before Today’s 5 PM Cut Off” with publication date: June 12, 2018.

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