Fevertree Drinks (LON:FEVR) Lifted to “Buy” at Deutsche Bank
Deutsche Bank upgraded shares of Fevertree Drinks (LON:FEVR) to a buy rating in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports. Deutsche Bank currently has GBX 2,900 ($37.89) target price on the stock, up from their prior target price of GBX 2,800 ($36.59).
A number of other brokerages have also commented on FEVR. Royal Bank of Canada reiterated a hold rating and issued a $136.00 price objective on shares of Continental in a research report on Wednesday. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Numis Securities reiterated a buy rating and issued a GBX 573 ($7.49) price objective on shares of in a research report on Monday, June 17th. Berenberg Bank increased their price objective on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the company a buy rating in a research report on Tuesday, June 4th. Finally, Shore Capital reiterated a house stock rating on shares of in a research report on Friday, July 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 3,325 ($43.45).
Shares of FEVR opened at GBX 2,193 ($28.66) on Thursday. The company has a market cap of $2.55 billion and a price-to-earnings ratio of 41.22. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.31 and a quick ratio of 3.53. The company has a fifty day moving average price of GBX 2,376.04. Fevertree Drinks has a 52 week low of GBX 2,021 ($26.41) and a 52 week high of GBX 4,120 ($53.84).
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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