Brokerages Set Fevertree Drinks PLC (FEVR) PT at $3,030.00

Fevertree Drinks PLC (LON:FEVR) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 3,030 ($40.11).

A number of analysts have weighed in on the company. Jefferies Financial Group upped their price target on Fevertree Drinks from GBX 3,000 ($39.71) to GBX 4,000 ($52.95) and gave the company a “buy” rating in a research report on Friday, June 22nd. Shore Capital restated a “hold” rating on shares of Fevertree Drinks in a report on Thursday, May 17th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 3,350 ($44.34) target price on shares of Fevertree Drinks in a report on Tuesday, May 22nd.

LON:FEVR traded down GBX 12 ($0.16) during trading hours on Friday, reaching GBX 3,570 ($47.25). The company had a trading volume of 357,276 shares, compared to its average volume of 460,543. Fevertree Drinks has a one year low of GBX 1,353.93 ($17.92) and a one year high of GBX 2,926 ($38.73).

In other Fevertree Drinks news, insider Kevin Havelock bought 9,000 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were bought at an average price of GBX 2,807 ($37.15) per share, for a total transaction of £252,630 ($334,387.82).

About Fevertree Drinks

Fevertree Drinks plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company's products include Indian tonic water, naturally light tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, ginger beer, naturally light ginger beer, ginger ale, Madagascan cola, bitter lemon, lemonade, Sicilian lemonade, spring soda water, and premium cola.

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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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