Fevertree Drinks PLC’s (FEVR) Hold Rating Reaffirmed at Shore Capital
FEVR has been the topic of several other research reports. Berenberg Bank raised their price objective on shares of Fevertree Drinks PLC from GBX 1,450 ($19.13) to GBX 1,700 ($22.42) and gave the stock a buy rating in a research note on Thursday, April 20th. Whitman Howard raised their price objective on shares of Fevertree Drinks PLC from GBX 1,250 ($16.49) to GBX 1,700 ($22.42) and gave the stock a hold rating in a research note on Monday, May 15th. Finally, Royal Bank Of Canada restated an outperform rating and issued a GBX 1,950 ($25.72) price objective on shares of Fevertree Drinks PLC in a research note on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 2,143.75 ($28.28).
Shares of Fevertree Drinks PLC (LON:FEVR) opened at 2165.00 on Friday. Fevertree Drinks PLC has a 12-month low of GBX 898.50 and a 12-month high of GBX 2,189.00. The company has a 50-day moving average of GBX 1,755.41 and a 200 day moving average of GBX 1,559.49. The firm’s market capitalization is GBX 2.49 billion.
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The business also recently disclosed a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be paid a GBX 3.01 ($0.04) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 0.15%.
In other news, insider William (Bill) Ronald sold 50,000 shares of the firm’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 value 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.
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