Fevertree Drinks (LON:FEVR) Price Target Raised to GBX 1,100

Fevertree Drinks (LON:FEVR) had its price objective upped by Jefferies Financial Group from GBX 1,080 to GBX 1,100 in a research report released on Thursday morning,Digital Look reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, Berenberg Bank reiterated a “hold” rating and set a GBX 780 price target on shares of Fevertree Drinks in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 920.

Fevertree Drinks Stock Up 1.1%

Shares of FEVR opened at GBX 862 on Thursday. Fevertree Drinks has a 52 week low of GBX 711 and a 52 week high of GBX 980. The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70. The company has a market capitalization of £975.03 million, a price-to-earnings ratio of 46.29, a PEG ratio of -4.51 and a beta of 1.12. The stock’s 50-day moving average price is GBX 805.97 and its 200-day moving average price is GBX 834.64.

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.