Fevertree Drinks (LON:FEVR) PT Raised to GBX 2,550 at HSBC

Fevertree Drinks (LON:FEVR) had its target price hoisted by investment analysts at HSBC from GBX 2,090 ($25.72) to GBX 2,550 ($31.38) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. HSBC’s price objective would suggest a potential upside of 7.69% from the stock’s current price.

FEVR has been the subject of several other research reports. Jefferies Financial Group lifted their price target on Fevertree Drinks from GBX 1,500 ($18.46) to GBX 2,000 ($24.61) and gave the company a “hold” rating in a research note on Friday, July 3rd. Citigroup restated a “neutral” rating on shares of Fevertree Drinks in a research note on Thursday, April 23rd. Deutsche Bank cut their price target on Fevertree Drinks from GBX 1,650 ($20.31) to GBX 1,250 ($15.38) and set a “hold” rating for the company in a research note on Thursday, April 2nd. Liberum Capital lifted their price target on Fevertree Drinks from GBX 1,675 ($20.61) to GBX 2,570 ($31.63) and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Fevertree Drinks from GBX 1,050 ($12.92) to GBX 1,260 ($15.51) and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Fevertree Drinks presently has an average rating of “Hold” and an average target price of GBX 2,011 ($24.75).

Shares of Fevertree Drinks stock opened at GBX 2,368 ($29.14) on Friday. The company has a quick ratio of 5.60, a current ratio of 6.33 and a debt-to-equity ratio of 0.80. Fevertree Drinks has a twelve month low of GBX 888.40 ($10.93) and a twelve month high of GBX 2,569 ($31.61). The business has a 50-day moving average price of GBX 2,001.64 and a 200 day moving average price of GBX 1,645.33. The firm has a market cap of $2.63 billion and a PE ratio of 47.08.

Fevertree Drinks Company Profile

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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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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