Shares of Fevertree Drinks PLC (LON:FEVR) have earned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 2,366 ($32.69).
A number of research analysts recently issued reports on FEVR shares. Royal Bank of Canada downgraded shares of Fevertree Drinks to a “sector performer” rating and dropped their target price for the company from GBX 2,400 ($33.16) to GBX 2,000 ($27.63) in a research report on Thursday, November 2nd. Investec reiterated a “buy” rating and set a GBX 2,330 ($32.19) target price on shares of Fevertree Drinks in a research report on Tuesday, December 5th. Jefferies Group started coverage on shares of Fevertree Drinks in a research report on Friday, January 19th. They set a “buy” rating and a GBX 3,000 ($41.45) target price on the stock. 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 ($33.16) target price on shares of Fevertree Drinks in a research report on Monday, November 20th.
Fevertree Drinks (FEVR) opened at GBX 2,315.32 ($31.99) on Tuesday. Fevertree Drinks has a 1 year low of GBX 1,284 ($17.74) and a 1 year high of GBX 2,686.03 ($37.11). The stock has a market cap of $2,670.00 and a price-to-earnings ratio of 7,235.38.
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About Fevertree Drinks
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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