Fevertree Drinks (LON:FEVR)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a report released on Tuesday, May 7th, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the company. Royal Bank of Canada lifted their target price on Fevertree Drinks from GBX 3,500 ($45.73) to GBX 3,800 ($49.65) and gave the stock an “outperform” rating in a research report on Monday, April 15th. Shore Capital reaffirmed an “under review” rating on shares of Fevertree Drinks in a research report on Tuesday, March 26th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,900 ($50.96) target price on shares of Fevertree Drinks in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group downgraded Fevertree Drinks to a “hold” rating and decreased their price target for the stock from GBX 4,300 ($56.19) to GBX 3,100 ($40.51) in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Fevertree Drinks has a consensus rating of “Buy” and an average target price of GBX 3,566.67 ($46.60).
Shares of LON FEVR traded down GBX 5 ($0.07) during midday trading on Tuesday, reaching GBX 2,654 ($34.68). 448,615 shares of the company’s stock were exchanged, compared to its average volume of 460,543. Fevertree Drinks has a 52-week low of GBX 2,106 ($27.52) and a 52-week high of GBX 4,120 ($53.84). The firm has a market cap of $3.08 billion and a price-to-earnings ratio of 49.89. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.53 and a current ratio of 4.31.
Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company's products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, lemon tonic water, ginger beer, ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.
Further Reading: Strangles
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