Fevertree Drinks PLC (LON:FEVR) insider Andrew Branchflower sold 26,905 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of GBX 2,596 ($35.87), for a total transaction of £698,453.80 ($964,981.76).
Fevertree Drinks PLC (LON:FEVR) traded up GBX 212 ($2.93) during trading hours on Wednesday, hitting GBX 2,807 ($38.78). The stock had a trading volume of 828,886 shares, compared to its average volume of 429,823. The stock has a market cap of $3,240.00 and a price-to-earnings ratio of 7,197.44. Fevertree Drinks PLC has a 52-week low of GBX 1,353.93 ($18.71) and a 52-week high of GBX 2,888.15 ($39.90).
A number of equities research analysts have weighed in on FEVR shares. Shore Capital reiterated a “hold” rating on shares of Fevertree Drinks in a research note on Tuesday. Berenberg Bank reiterated a “buy” rating and set a GBX 2,400 ($33.16) target price on shares of Fevertree Drinks in a research note on Monday, November 20th. Morgan Stanley reiterated an “overweight” rating and set a GBX 3,100 ($42.83) target price on shares of Fevertree Drinks in a research note on Tuesday. Investec restated a “buy” rating and issued a GBX 2,330 ($32.19) price objective on shares of Fevertree Drinks in a research note on Tuesday, December 5th. Finally, Jefferies Group started coverage on Fevertree Drinks in a research note on Friday, January 19th. They issued a “buy” rating and a GBX 3,000 ($41.45) price objective for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Fevertree Drinks has an average rating of “Buy” and an average price target of GBX 2,488.33 ($34.38).
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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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