Fevertree Drinks (LON:FEVR) Price Target Raised to GBX 900

Fevertree Drinks (LON:FEVR) had its price objective increased by JPMorgan Chase & Co. from GBX 850 to GBX 900 in a report issued on Wednesday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

FEVR has been the subject of a number of other reports. Jefferies Financial Group upgraded Fevertree Drinks to a “buy” rating and increased their target price for the company from GBX 900 to GBX 1,100 in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the company a “buy” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 946.67.

Fevertree Drinks Trading Down 0.5%

Shares of Fevertree Drinks stock opened at GBX 804 on Wednesday. Fevertree Drinks has a twelve month low of GBX 608.50 and a twelve month high of GBX 1,020. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average price of GBX 835.72 and a 200-day moving average price of GBX 872.83. The firm has a market cap of £938.09 million, a price-to-earnings ratio of 37.96, a PEG ratio of -4.51 and a beta of 1.07.

Fevertree Drinks (LON:FEVR) last announced its quarterly earnings results on Thursday, September 11th. The company reported GBX 6.85 EPS for the quarter. Fevertree Drinks had a return on equity of 9.30% and a net margin of 6.05%. Equities research analysts anticipate that Fevertree Drinks will post 38.3184173 EPS for the current fiscal year.

Insider Transactions at Fevertree Drinks

In other news, insider Kevin Havelock acquired 55,000 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was bought at an average cost of GBX 868 per share, with a total value of £477,400. 12.84% of the stock is currently owned by corporate insiders.

Fevertree Drinks Company Profile

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.