Fevertree Drinks’ (FEVR) “Buy” Rating Reiterated at Investec
Fevertree Drinks (LON:FEVR)‘s stock had its “buy” rating reaffirmed by Investec in a research note issued to investors on Tuesday. They currently have a GBX 2,330 ($31.36) price target on the stock. Investec’s price objective suggests a potential upside of 22.63% from the company’s current price.
A number of other brokerages also recently commented on FEVR. Royal Bank Of Canada downgraded Fevertree Drinks to a “sector performer” rating and reduced their price objective for the stock from GBX 2,400 ($32.30) to GBX 2,000 ($26.92) in a research report on Thursday, November 2nd. Shore Capital reiterated a “hold” rating on shares of Fevertree Drinks in a research report on Tuesday, November 7th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,400 ($32.30) price objective on shares of Fevertree Drinks in a research report on Monday, November 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,207.50 ($29.71).
Shares of Fevertree Drinks (FEVR) traded down GBX 72 ($0.97) during trading on Tuesday, reaching GBX 1,900 ($25.57). The company had a trading volume of 665,282 shares, compared to its average volume of 928,268. Fevertree Drinks has a 52-week low of GBX 1,002 ($13.49) and a 52-week high of GBX 2,506 ($33.73).
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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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