Fevertree Drinks (LON:FEVR) was upgraded by research analysts at Royal Bank of Canada to an “outperform” rating in a research report issued on Monday. The brokerage currently has a GBX 3,300 ($45.59) price target on the stock, up from their prior price target of GBX 2,350 ($32.47). Royal Bank of Canada’s price target would indicate a potential upside of 15.87% from the stock’s previous close.
FEVR has been the topic of a number of other research reports. Jefferies Group began coverage on shares of Fevertree Drinks in a report on Friday, January 19th. They set a “buy” rating and a GBX 3,000 ($41.45) price objective on the stock. Investec reissued a “buy” rating and set a GBX 2,330 ($32.19) price objective on shares of Fevertree Drinks in a report on Tuesday, December 5th. Morgan Stanley reissued an “overweight” rating and set a GBX 3,100 ($42.83) price objective on shares of Fevertree Drinks in a report on Tuesday, March 13th. Berenberg Bank reissued a “buy” rating and set a GBX 2,400 ($33.16) price objective on shares of Fevertree Drinks in a report on Monday, November 20th. Finally, Shore Capital reissued a “hold” rating on shares of Fevertree Drinks in a report on Tuesday, December 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,863.33 ($39.56).
Shares of Fevertree Drinks stock opened at GBX 2,848 ($39.35) on Monday. The company has a market cap of $3,350.00 and a PE ratio of 7,302.56. Fevertree Drinks has a fifty-two week low of GBX 1,353.93 ($18.71) and a fifty-two week high of GBX 2,926 ($40.43).
In other Fevertree Drinks news, insider Andrew Branchflower sold 26,905 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of GBX 2,596 ($35.87), for a total value of £698,453.80 ($964,981.76).
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Fevertree Drinks Company Profile
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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