Deutsche Bank Aktiengesellschaft Reaffirms “Buy” Rating for Fevertree Drinks (LON:FEVR)

Fevertree Drinks (LON:FEVRGet Rating)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Friday, MarketBeat.com reports. They presently have a GBX 3,060 ($37.72) target price on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 94.10% from the stock’s current price.

A number of other equities analysts also recently issued reports on FEVR. Barclays cut their price objective on shares of Fevertree Drinks from GBX 3,200 ($39.45) to GBX 3,030 ($37.35) and set an “overweight” rating on the stock in a report on Thursday, March 17th. Morgan Stanley reissued an “equal weight” rating and issued a GBX 2,000 ($24.65) price target on shares of Fevertree Drinks in a report on Sunday, April 24th. JPMorgan Chase & Co. raised shares of Fevertree Drinks to a “neutral” rating and cut their price target for the stock from GBX 2,000 ($24.65) to GBX 1,650 ($20.34) in a report on Friday, March 11th. Peel Hunt reissued a “hold” rating and issued a GBX 1,900 ($23.42) price target on shares of Fevertree Drinks in a report on Tuesday, April 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 1,600 ($19.72) price target on shares of Fevertree Drinks in a report on Wednesday, May 4th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fevertree Drinks presently has a consensus rating of “Hold” and a consensus price target of GBX 2,232.22 ($27.52).

FEVR opened at GBX 1,576.52 ($19.43) on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 5.43 and a quick ratio of 4.58. The company has a market capitalization of £1.84 billion and a price-to-earnings ratio of 41.22. The firm’s fifty day moving average price is GBX 1,732.38 and its two-hundred day moving average price is GBX 2,166.51. Fevertree Drinks has a 1 year low of GBX 1,451 ($17.89) and a 1 year high of GBX 2,871 ($35.39).

Fevertree Drinks Company Profile (Get Rating)

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, Clementine tonic water, ginger beer, ginger ale, and cola distillers.

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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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