Analysts Set Fevertree Drinks PLC (LON:FEVR) Target Price at $3,680.00

Shares of Fevertree Drinks PLC (LON:FEVR) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,680 ($48.09).

A number of equities research analysts have recently commented on the company. HSBC reissued a “buy” rating and issued a GBX 3,400 ($44.43) target price on shares of Fevertree Drinks in a research note on Wednesday, June 12th. Berenberg Bank reissued a “buy” rating and set a GBX 3,900 ($50.96) price target on shares of Fevertree Drinks in a research note on Tuesday, June 4th. Numis Securities reiterated a “buy” rating and issued a GBX 3,600 ($47.04) price target on shares of Fevertree Drinks in a report on Friday, May 24th. Jefferies Financial Group downgraded Fevertree Drinks to a “hold” rating and dropped their target price for the stock from GBX 4,300 ($56.19) to GBX 3,100 ($40.51) in a research note on Tuesday, April 9th. Finally, Deutsche Bank reiterated a “hold” rating on shares of Fevertree Drinks in a research note on Wednesday, March 27th.

FEVR stock traded down GBX 43 ($0.56) during mid-day trading on Friday, reaching GBX 2,337 ($30.54). 794,480 shares of the company traded hands, compared to its average volume of 460,543. Fevertree Drinks has a 52-week low of GBX 2,106 ($27.52) and a 52-week high of GBX 4,120 ($53.84). The company has a quick ratio of 3.53, a current ratio of 4.31 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $2.73 billion and a P/E ratio of 43.93. The company has a fifty day moving average price of GBX 2,602.42.

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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