Deutsche Bank restated their hold rating on shares of Fevertree Drinks (LON:FEVR) in a report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently weighed in on FEVR. Berenberg Bank reissued a buy rating and issued a GBX 3,900 ($50.96) price target on shares of Fevertree Drinks in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price target on Fevertree Drinks from GBX 3,400 ($44.43) to GBX 3,500 ($45.73) and gave the stock an outperform rating in a report on Thursday, March 28th. Shore Capital reissued an under review rating on shares of Fevertree Drinks in a report on Tuesday, March 26th. Finally, Jefferies Financial Group downgraded Fevertree Drinks to a hold rating and lowered their price target for the stock from GBX 4,300 ($56.19) to GBX 3,100 ($40.51) in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Fevertree Drinks has a consensus rating of Buy and an average price target of GBX 3,560 ($46.52).
Shares of LON FEVR opened at GBX 2,940 ($38.42) on Tuesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.31 and a quick ratio of 3.53. The stock has a market capitalization of $3.41 billion and a price-to-earnings ratio of 55.26. Fevertree Drinks has a fifty-two week low of GBX 2,106 ($27.52) and a fifty-two week high of GBX 4,120 ($53.84).
The firm also recently declared a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 25th will be issued a GBX 10.28 ($0.13) dividend. This represents a yield of 0.38%. The ex-dividend date is Thursday, April 25th. This is an increase from Fevertree Drinks’s previous dividend of $4.22. Fevertree Drinks’s dividend payout ratio (DPR) is currently 0.26%.
Fevertree Drinks Company Profile
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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