Fevertree Drinks (LON:FEVR) Stock Price Target Cut by Deutsche Bank Aktiengesellschaft

Fevertree Drinks (LON:FEVR) had its price objective lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 900 to GBX 870 in a research note issued to investors on Tuesday, Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 3.57% from the company’s current price.

Several other equities research analysts have also commented on the company. Berenberg Bank restated a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research report on Monday, September 14th. Jefferies Financial Group lifted their target price on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 912.50.

Fevertree Drinks Stock Performance

Shares of FEVR stock opened at GBX 840 on Tuesday. The stock has a market cap of £910.93 million, a PE ratio of 39.55, a price-to-earnings-growth ratio of -4.51 and a beta of 1.14. The business has a 50-day simple moving average of GBX 841.25 and a 200-day simple moving average of GBX 816.01. The company has a quick ratio of 3.21, a current ratio of 3.16 and a debt-to-equity ratio of 1.89. Fevertree Drinks has a 52-week low of GBX 711 and a 52-week high of GBX 973.

Fevertree Drinks (LON:FEVR) last posted its earnings results on Thursday, September 10th. The company reported GBX 9.50 EPS for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. On average, equities analysts expect that Fevertree Drinks will post 38.3184173 EPS for the current year.

Insider Buying and Selling at Fevertree Drinks

In other Fevertree Drinks news, insider Domenico De Lorenzo purchased 44,674 shares of Fevertree Drinks stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of GBX 780 per share, with a total value of £348,457.20. 13.13% of the stock is currently owned by corporate insiders.

About Fevertree Drinks

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.