Fevertree Drinks PLC (FEVR) PT Raised to GBX 2,400 at Berenberg Bank
Fevertree Drinks PLC (LON:FEVR) had its target price hoisted by Berenberg Bank from GBX 1,850 ($24.40) to GBX 2,400 ($31.66) in a report published on Friday morning. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also weighed in on FEVR. Whitman Howard reissued a hold rating and set a GBX 1,700 ($22.42) price objective on shares of Fevertree Drinks PLC in a report on Thursday, July 20th. Royal Bank Of Canada reissued an outperform rating and set a GBX 1,950 ($25.72) price objective on shares of Fevertree Drinks PLC in a report on Friday, July 7th. Finally, Shore Capital reissued a hold rating on shares of Fevertree Drinks PLC in a report on Monday, May 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 2,143.75 ($28.28).
Fevertree Drinks PLC (LON FEVR) opened at 2165.00 on Friday. The stock’s 50 day moving average price is GBX 1,755.41 and its 200 day moving average price is GBX 1,559.49. Fevertree Drinks PLC has a 12-month low of GBX 898.50 and a 12-month high of GBX 2,189.00. The company’s market capitalization is GBX 2.49 billion.
The firm also recently announced a dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be given a dividend of GBX 3.01 ($0.04) per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 0.15%.
In related news, insider William (Bill) Ronald sold 50,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of GBX 2,083 ($27.48), for a total transaction of £1,041,500 ($1,373,829.31).
About Fevertree Drinks PLC
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 PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fevertree Drinks PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.