Fevertree Drinks PLC (LON:FEVR) PT Raised to GBX 2,400
Fevertree Drinks PLC (LON:FEVR) had its price objective lifted by Royal Bank Of Canada from GBX 1,950 ($25.40) to GBX 2,400 ($31.27) in a research report sent to investors on Wednesday. They currently have an outperform rating on the stock.
A number of other research firms have also recently commented on FEVR. Whitman Howard restated a hold rating and set a GBX 1,700 ($22.15) price target on shares of Fevertree Drinks PLC in a research note on Thursday, July 20th. Berenberg Bank upped their price target on Fevertree Drinks PLC from GBX 1,450 ($18.89) to GBX 1,700 ($22.15) and gave the stock a buy rating in a research note on Thursday, April 20th. Finally, Shore Capital restated a hold rating on shares of Fevertree Drinks PLC in a research note on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 2,143.75 ($27.93).
Shares of Fevertree Drinks PLC (LON:FEVR) opened at 2137.00 on Wednesday. The firm’s 50-day moving average price is GBX 1,743.33 and its 200-day moving average price is GBX 1,545.83. Fevertree Drinks PLC has a 12 month low of GBX 890.00 and a 12 month high of GBX 2,217.00. The company’s market capitalization is GBX 2.46 billion.
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The company also recently declared a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 3.01 ($0.04) per share. This represents a yield of 0.15%. The ex-dividend date is Thursday, August 10th.
In other news, insider William (Bill) Ronald sold 50,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of GBX 2,083 ($27.14), for a total value of £1,041,500 ($1,356,826.47).
Fevertree Drinks PLC Company Profile
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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