The Alkaline Water Company Inc (WTER) received a Buy rating and a $3 price target from H.C. Wainwright analyst Kevin Dede today. The company’s shares closed last Monday at $1.46, close to its 52-week low of $1.37.
Dede commented:
“We are initiating coverage of a producer and seller of specialty bottled water including alkaline, with 8.8 pH, through the Alkaline88 brand, and flavored waters, through the A88 Infused line, distributed nationally, starting with a Buy rating and setting what we see as a conservatively minded $3 target price.”
According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -16.6% and a 31.0% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.
Currently, the analyst consensus on The Alkaline Water Company Inc is a Moderate Buy with an average price target of $3.
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The company has a one-year high of $5.56 and a one-year low of $1.37. Currently, The Alkaline Water Company Inc has an average volume of 332.5K.
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The Alkaline Water Co., Inc. engages in the business of distributing, marketing and selling of bottled alkaline water in the Untied States of America. It offers retail consumers bottled alkaline water in 1-gallon, 3-liter, 1.5-liter, 1-liter, 700ml, and 500ml sizes under the trade name Alkaline88.
