DAVIDsTEA (NASDAQ:DTEA) Market Perform Rating Reaffirmed Today By BMO Capital; The Target Price per Share is $3.5

June 12, 2018 - By Darrin Black

DAVIDsTEA Inc. (NASDAQ:DTEA) Logo

DAVIDsTEA (NASDAQ:DTEA) Rating Reaffirmed

DAVIDsTEA (NASDAQ:DTEA) just had their share rating of a ‘Market Perform’ issued by research analysts at BMO Capital, who now has a $3.5 target price on the $91.99M market cap company or a -1.41 % downside potential. This key information was released in a note on 12 June.

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: Nasdaq.com which released: “DAVIDsTEA Urges Shareholders to Vote the YELLOW Proxy Before Today’s 5 PM Cut Off” on June 12, 2018, also Globenewswire.com with their article: “DAVIDsTEA Inc. Announces First Quarter Fiscal 2018 Earnings Conference Call” published on June 06, 2018, Seekingalpha.com published: “DAVIDs TEA (DTEA) CEO Joel Silver on Q1 2018 Results – Earnings Call Transcript” on June 12, 2018. More interesting news about DAVIDsTEA Inc. (NASDAQ:DTEA) were released by: Nasdaq.com and their article: “DAVIDsTEA Shareholder TDM Asset Management Outlines Frustrations Re: Herschel Segal in Letter to Dissident …” published on June 07, 2018 as well as Globenewswire.com‘s news article titled: “DAVIDsTEA Inc. Announces First Quarter Fiscal 2018 Financial Results” with publication date: June 11, 2018.

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