Deutsche Bank Trims Fevertree Drinks (LON:FEVR) Target Price to GBX 1,650

Fevertree Drinks (LON:FEVR) had its price target lowered by Deutsche Bank from GBX 2,200 ($28.94) to GBX 1,650 ($21.70) in a research report sent to investors on Tuesday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Fevertree Drinks from GBX 2,740 ($36.04) to GBX 2,400 ($31.57) and set an overweight rating for the company in a report on Monday, November 4th. Berenberg Bank dropped their target price on shares of Fevertree Drinks from GBX 3,250 ($42.75) to GBX 2,900 ($38.15) and set a buy rating for the company in a report on Tuesday, November 26th. HSBC reiterated a buy rating on shares of Fevertree Drinks in a report on Wednesday, January 8th. Jefferies Financial Group restated a hold rating and issued a GBX 2,400 ($31.57) price objective on shares of Fevertree Drinks in a report on Wednesday, November 20th. Finally, Royal Bank of Canada lowered their price objective on shares of Fevertree Drinks from GBX 2,200 ($28.94) to GBX 1,300 ($17.10) and set a sector perform rating for the company in a report on Monday, January 20th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fevertree Drinks currently has an average rating of Buy and an average price target of GBX 2,487.50 ($32.72).

Fevertree Drinks stock opened at GBX 1,533 ($20.17) on Tuesday. The company has a current ratio of 5.17, a quick ratio of 4.35 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of GBX 2,015.11 and a 200-day moving average of GBX 2,141.68. The firm has a market cap of $1.78 billion and a P/E ratio of 27.97. Fevertree Drinks has a 1-year low of GBX 1,697.02 ($22.32) and a 1-year high of GBX 3,290 ($43.28).

In other Fevertree Drinks news, insider Kevin Havelock bought 3,380 shares of the stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average cost of GBX 1,479 ($19.46) per share, for a total transaction of £49,990.20 ($65,759.27).

About Fevertree Drinks

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.

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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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