Shore Capital reissued their buy rating on shares of Fevertree Drinks (LON:FEVR) in a research note issued to investors on Thursday morning, Digital Look reports.
Several other equities analysts also recently weighed in on the company. Berenberg Bank decreased their target price on Fevertree Drinks from GBX 3,900 ($50.96) to GBX 3,250 ($42.47) and set a buy rating on the stock in a research report on Monday, August 12th. Royal Bank of Canada restated an outperform rating on shares of Fevertree Drinks in a research report on Wednesday, July 17th. Deutsche Bank decreased their target price on Fevertree Drinks from GBX 2,900 ($37.89) to GBX 2,800 ($36.59) and set a buy rating on the stock in a research report on Wednesday, July 24th. Numis Securities restated a buy rating and issued a GBX 3,600 ($47.04) target price on shares of Fevertree Drinks in a research report on Monday, June 17th. Finally, Morgan Stanley decreased their target price on Fevertree Drinks from GBX 4,000 ($52.27) to GBX 3,400 ($44.43) and set an overweight rating on the stock in a research report on Friday, July 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Fevertree Drinks has a consensus rating of Buy and a consensus target price of GBX 3,231.25 ($42.22).
LON FEVR opened at GBX 2,149 ($28.08) on Thursday. The company has a market cap of $2.50 billion and a PE ratio of 39.22. The stock’s 50 day simple moving average is GBX 2,254.60 and its 200-day simple moving average is GBX 2,662.58. Fevertree Drinks has a 1-year low of GBX 1,985 ($25.94) and a 1-year high of GBX 4,120 ($53.84). The company has a debt-to-equity ratio of 1.01, a current ratio of 5.17 and a quick ratio of 4.35.
In related news, insider Kevin Havelock acquired 13,298 shares of Fevertree Drinks stock in a transaction that occurred on Wednesday, July 24th. The shares were purchased at an average price of GBX 2,177 ($28.45) per share, for a total transaction of £289,497.46 ($378,279.71).
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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