Fevertree Drinks (LON:FEVR – Get Rating)‘s stock had its “equal weight” rating reiterated by stock analysts at Morgan Stanley in a report issued on Sunday, MarketBeat Ratings reports. They currently have a GBX 2,000 ($26.02) price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 16.08% from the stock’s previous close.
FEVR has been the subject of several other research reports. Peel Hunt reissued a “hold” rating and set a GBX 1,900 ($24.72) price objective on shares of Fevertree Drinks in a research report on Tuesday, April 12th. Citigroup restated a “neutral” rating and set a GBX 2,300 ($29.92) target price on shares of Fevertree Drinks in a report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Fevertree Drinks from GBX 3,500 ($45.54) to GBX 3,350 ($43.59) and set a “buy” rating for the company in a report on Wednesday, March 16th. Barclays reduced their target price on shares of Fevertree Drinks from GBX 3,200 ($41.63) to GBX 3,030 ($39.42) and set an “overweight” rating for the company in a report on Thursday, March 17th. Finally, Berenberg Bank reduced their target price on shares of Fevertree Drinks from GBX 2,600 ($33.83) to GBX 2,250 ($29.27) and set a “buy” rating for the company in a report on Thursday, March 24th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 2,264.44 ($29.46).
Shares of FEVR stock opened at GBX 1,723 ($22.42) on Friday. The firm has a fifty day moving average of GBX 1,788.10 and a 200-day moving average of GBX 2,262.53. The company has a quick ratio of 4.70, a current ratio of 5.43 and a debt-to-equity ratio of 1.03. Fevertree Drinks has a 12-month low of GBX 1,456.09 ($18.94) and a 12-month high of GBX 2,871 ($37.35). The company has a market capitalization of £2.01 billion and a price-to-earnings ratio of 45.13.
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, citrus tonic water lemon tonic water, ginger beer, ginger ale, smoky ginger ale, spiced orange ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.
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