Fevertree Drinks (FEVR) Upgraded at Royal Bank of Canada
Royal Bank of Canada upgraded shares of Fevertree Drinks (LON:FEVR) to an outperform rating in a research note released on Monday morning. Royal Bank of Canada currently has GBX 3,300 ($45.59) price objective on the stock, up from their prior price objective of GBX 2,350 ($32.47).
A number of other equities research analysts have also recently commented on the stock. Investec restated a buy rating and issued a GBX 2,330 ($32.19) price target on shares of Fevertree Drinks in a report on Tuesday, December 5th. Jefferies Group started coverage on shares of Fevertree Drinks in a report on Friday, January 19th. They issued a buy rating and a GBX 3,000 ($41.45) price target for the company. Shore Capital restated a hold rating on shares of Fevertree Drinks in a report on Wednesday, January 24th. Berenberg Bank restated a buy rating and issued a GBX 2,400 ($33.16) price target on shares of Fevertree Drinks in a report on Monday, November 20th. Finally, Morgan Stanley restated an overweight rating and issued a GBX 3,100 ($42.83) price target on shares of Fevertree Drinks in a report on Tuesday, March 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 2,863.33 ($39.56).
Shares of Fevertree Drinks stock opened at GBX 2,950 ($40.76) on Monday. The company has a market cap of $3,350.00 and a price-to-earnings ratio of 7,564.10. Fevertree Drinks has a twelve month low of GBX 1,353.93 ($18.71) and a twelve month high of GBX 2,926 ($40.43).
In other news, insider Andrew Branchflower sold 26,905 shares of Fevertree Drinks stock in a transaction dated 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).
ILLEGAL ACTIVITY WARNING: “Fevertree Drinks (FEVR) Upgraded at Royal Bank of Canada” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/fevertree-drinks-fevr-upgraded-at-royal-bank-of-canada/1954794.html.
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.
Receive News & Ratings for Fevertree Drinks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fevertree Drinks and related companies with MarketBeat.com's FREE daily email newsletter.