Fevertree Drinks (FEVR) Reaches New 12-Month High at $2,569.00
Fevertree Drinks PLC (LON:FEVR) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 2,569 ($34.84) and last traded at GBX 2,384 ($32.33), with a volume of 1276207 shares trading hands. The stock had previously closed at GBX 2,384 ($32.33).
A number of brokerages have commented on FEVR. Shore Capital reiterated a “hold” rating on shares of Fevertree Drinks in a research report on Tuesday, December 5th. Jefferies Group began coverage on shares of Fevertree Drinks in a research report on Friday. They set a “buy” rating and a GBX 3,000 ($40.68) price target on the stock. Royal Bank of Canada reiterated a “sector performer” rating and set a GBX 2,000 ($27.12) price target on shares of Fevertree Drinks in a research report on Thursday, November 9th. Berenberg Bank restated a “buy” rating and issued a GBX 2,400 ($32.55) target price on shares of Fevertree Drinks in a report on Monday, November 20th. Finally, Investec restated a “buy” rating and issued a GBX 2,330 ($31.60) target price on shares of Fevertree Drinks in a report on Tuesday, December 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Fevertree Drinks has a consensus rating of “Buy” and an average price target of GBX 2,366 ($32.09).
The company has a market cap of $2,750.00 and a price-to-earnings ratio of 7,450.00.
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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