Fevertree Drinks (LON:FEVR) had its target price decreased by Berenberg Bank from GBX 3,900 ($50.96) to GBX 3,250 ($42.47) in a report published on Monday morning, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.
Several other equities analysts also recently weighed in on the company. Numis Securities restated a buy rating and set a GBX 3,600 ($47.04) price target on shares of Fevertree Drinks in a report on Monday, June 17th. Shore Capital restated a buy rating on shares of Fevertree Drinks in a report on Tuesday, July 23rd. Royal Bank of Canada restated an outperform rating on shares of Fevertree Drinks in a report on Wednesday, July 17th. HSBC restated a buy rating on shares of Fevertree Drinks in a report on Friday, June 28th. Finally, Deutsche Bank reduced their price target on Fevertree Drinks from GBX 2,900 ($37.89) to GBX 2,800 ($36.59) and set a buy rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Fevertree Drinks presently has a consensus rating of Buy and an average price target of GBX 3,231.25 ($42.22).
Shares of LON:FEVR opened at GBX 2,135 ($27.90) on Monday. 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. The business has a fifty day moving average price of GBX 2,258.22 and a 200-day moving average price of GBX 2,665.20. The company has a market capitalization of $2.49 billion and a PE ratio of 38.96.
The firm also recently disclosed a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 8th will be issued a GBX 5.20 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 0.25%. Fevertree Drinks’s payout ratio is 0.27%.
In other Fevertree Drinks news, insider Kevin Havelock acquired 13,298 shares of Fevertree Drinks stock in a transaction that occurred on Wednesday, July 24th. The stock was bought at an average cost 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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