Fevertree Drinks (LON:FEVR) had its price target lowered by Royal Bank of Canada from GBX 3,800 ($49.65) to GBX 3,400 ($44.43) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports. The firm currently has an outperform rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group reiterated a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. HSBC set a $46.00 target price on shares of Aqua America and gave the stock a buy rating in a research report on Friday, June 28th. Shore Capital restated a hold rating on shares of S & U in a research note on Tuesday, March 26th. Berenberg Bank increased their price target on shares of from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the stock a buy rating in a research note on Tuesday, June 4th. Finally, Deutsche Bank upgraded shares of Elis from a hold rating to a buy rating in a research note on Thursday, July 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Fevertree Drinks presently has an average rating of Buy and an average target price of GBX 3,312.50 ($43.28).
FEVR stock opened at GBX 2,207 ($28.84) on Tuesday. Fevertree Drinks has a 12-month low of GBX 2,106 ($27.52) and a 12-month high of GBX 4,120 ($53.84). The company has a current ratio of 4.31, a quick ratio of 3.53 and a debt-to-equity ratio of 3.32. The stock has a market cap of $2.56 billion and a P/E ratio of 41.48. The business has a 50 day moving average of GBX 2,450.44.
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.
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