Fevertree Drinks PLC (LON:FEVR) Given Hold Rating at Shore Capital
Fevertree Drinks PLC (LON:FEVR)‘s stock had its “hold” rating restated by stock analysts at Shore Capital in a note issued to investors on Friday.
A number of other equities research analysts have also recently weighed in on the company. Berenberg Bank boosted their price objective on Fevertree Drinks PLC from GBX 1,450 ($18.89) to GBX 1,700 ($22.15) and gave the company a “buy” rating in a research note on Thursday, April 20th. Whitman Howard boosted their price objective on Fevertree Drinks PLC from GBX 1,250 ($16.28) to GBX 1,700 ($22.15) and gave the company a “hold” rating in a research note on Monday, May 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,950 ($25.40) price objective on shares of Fevertree Drinks PLC in a research note on Friday, July 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 2,143.75 ($27.93).
Shares of Fevertree Drinks PLC (FEVR) traded up 3.84% during midday trading on Friday, hitting GBX 2137.00. 542,436 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 1,743.33 and a 200-day moving average of GBX 1,545.83. Fevertree Drinks PLC has a one year low of GBX 890.00 and a one year high of GBX 2,217.00. The company’s market cap is GBX 2.46 billion.
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In other news, insider William (Bill) Ronald sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of GBX 2,083 ($27.14), for a total transaction 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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