Fevertree Drinks PLC (FEVR) Receives GBX 3,730 Consensus Target Price from Brokerages

Shares of Fevertree Drinks PLC (LON:FEVR) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 3,730 ($48.74).

FEVR has been the subject of several recent analyst reports. Berenberg Bank increased their price objective on shares of Fevertree Drinks from GBX 3,350 ($43.77) to GBX 4,250 ($55.53) and gave the company a “buy” rating in a report on Friday, October 5th. Deutsche Bank decreased their price objective on shares of Fevertree Drinks from GBX 3,000 ($39.20) to GBX 2,600 ($33.97) and set a “hold” rating for the company in a report on Thursday, December 13th.

Shares of LON:FEVR traded up GBX 2 ($0.03) during trading hours on Friday, hitting GBX 2,513 ($32.84). The stock had a trading volume of 442,043 shares, compared to its average volume of 460,543. Fevertree Drinks has a 1-year low of GBX 1,353.93 ($17.69) and a 1-year high of GBX 2,926 ($38.23).

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, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, lemon tonic water, ginger beer, ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.

Further Reading: Earnings Reports

Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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