A statement released earlier today by Zacks Investment Research about DavidsTea Inc (NASDAQ:DTEA) bumps the target price to $14.00
- Updated: October 16, 2016
Stating a potential upside of 0.11%, Zacks Investment Research upped the price target of DavidsTea Inc (NASDAQ:DTEA) to $14.00
Having a price of $12.61, DavidsTea Inc (NASDAQ:DTEA) traded -2.52% lower on the day. With the last close up -1.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. DavidsTea Inc has recorded a 50-day average of $12.70 and a two hundred day average of $12.59. Volume of trade was down over the average, with 11,334 shares of DTEA changing hands under the typical 46,317
With a total market value of $0, DavidsTea Inc has with a one year low of $8.88 and a one year high of $17.01 .
A total of 4 analysts have released a research note on DavidsTea Inc. One analyst rating the company a strong buy, zero analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $14.89.
More About DavidsTea Inc (NASDAQ:DTEA)
DAVIDsTEA Inc. is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company's segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com. Additionally, the Company offers on-the-go tea beverages in its retail stores. The Company's tea accessories include tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins and spoons. The Company offers beverages range from the standard hot or iced tea to its Tea Lattes. The Company's different flavors of loose-leaf tea span eight tea categories: white, green, oolong, black, pu'erh, mate, rooibos and herbal tea.
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