Berenberg Bank Raises Fevertree Drinks (FEVR) Price Target to GBX 3,350
Fevertree Drinks (LON:FEVR) had its target price increased by Berenberg Bank from GBX 2,850 ($39.38) to GBX 3,350 ($46.28) in a research report released on Monday morning. The brokerage currently has a buy rating on the stock.
Several other analysts have also recently weighed in on FEVR. Shore Capital reaffirmed a hold rating on shares of Fevertree Drinks in a research note on Tuesday, December 5th. Investec reaffirmed a buy rating and set a GBX 2,330 ($32.19) price objective on shares of Fevertree Drinks in a research note on Tuesday, December 5th. Jefferies Group started coverage on shares of Fevertree Drinks in a research note on Friday, January 19th. They set a buy rating and a GBX 3,000 ($41.45) price objective on the stock. Morgan Stanley reaffirmed an overweight rating and set a GBX 3,100 ($42.83) price objective on shares of Fevertree Drinks in a research note on Tuesday, March 13th. Finally, Royal Bank of Canada raised shares of Fevertree Drinks to an outperform rating and increased their price target for the company from GBX 2,350 ($32.47) to GBX 3,300 ($45.59) in a research note on Monday. Two analysts have rated the stock with a hold rating and five 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 2,863.33 ($39.56).
Shares of Fevertree Drinks stock opened at GBX 2,957 ($40.85) on Monday. The firm has a market cap of $3,350.00 and a PE ratio of 7,582.05. Fevertree Drinks has a 52 week low of GBX 1,353.93 ($18.71) and a 52 week high of GBX 2,926 ($40.43).
In other news, insider Andrew Branchflower sold 26,905 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of GBX 2,596 ($35.87), for a total transaction of £698,453.80 ($964,981.76).
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About Fevertree Drinks
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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