Fevertree Drinks (FEVR) Receives New Coverage from Analysts at Deutsche Bank

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Deutsche Bank assumed coverage on shares of Fevertree Drinks (LON:FEVR) in a research note released on Wednesday. The brokerage issued a hold rating and a GBX 3,000 ($39.20) target price on the stock.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group lifted their target price on Fevertree Drinks from GBX 3,000 ($39.20) to GBX 4,000 ($52.27) and gave the company a buy rating in a research report on Friday, June 22nd. Berenberg Bank lifted their target price on Fevertree Drinks from GBX 3,350 ($43.77) to GBX 4,250 ($55.53) and gave the company a buy rating in a research report on Friday, October 5th. Shore Capital reaffirmed a hold rating on shares of Fevertree Drinks in a research report on Tuesday, July 24th. Finally, Morgan Stanley reaffirmed an overweight rating and set a GBX 4,200 ($54.88) target price on shares of Fevertree Drinks in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 3,563.33 ($46.56).

Shares of FEVR stock opened at GBX 2,811 ($36.73) on Wednesday. Fevertree Drinks has a 52-week low of GBX 1,353.93 ($17.69) and a 52-week high of GBX 2,926 ($38.23).

In related news, insider Kevin Havelock purchased 1,638 shares of the business’s stock in a transaction dated Wednesday, October 10th. The shares were acquired at an average cost of GBX 2,930 ($38.29) per share, for a total transaction of £47,993.40 ($62,711.88).

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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