Morgan Stanley Trims Fevertree Drinks (OTCMKTS:FQVTF) Target Price to GBX 1,600

Fevertree Drinks (OTCMKTS:FQVTFGet Rating) had its price objective decreased by equities research analysts at Morgan Stanley from GBX 2,000 ($25.06) to GBX 1,600 ($20.05) in a note issued to investors on Thursday, The Fly reports.

Several other research firms also recently commented on FQVTF. Exane BNP Paribas downgraded Fevertree Drinks from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from GBX 3,000 ($37.59) to GBX 1,870 ($23.43) in a research note on Monday, March 14th. JPMorgan Chase & Co. raised their price objective on Fevertree Drinks from GBX 1,650 ($20.68) to GBX 1,800 ($22.56) in a research note on Friday, March 18th. BNP Paribas downgraded Fevertree Drinks to a “hold” rating and set a $1,870.00 target price on the stock. in a research note on Monday, March 14th. Royal Bank of Canada reissued a “hold” rating and set a $1,600.00 target price on shares of Fevertree Drinks in a research note on Wednesday, June 1st. Finally, Barclays decreased their target price on Fevertree Drinks from GBX 3,200 ($40.10) to GBX 3,030 ($37.97) in a research note on Thursday, March 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Fevertree Drinks presently has an average rating of “Hold” and an average target price of $2,118.57.

Shares of OTCMKTS FQVTF traded up $0.01 during trading on Thursday, hitting $18.76. The company had a trading volume of 1,280 shares, compared to its average volume of 2,239. The stock has a 50 day simple moving average of $21.19 and a 200 day simple moving average of $27.26. Fevertree Drinks has a 12 month low of $17.74 and a 12 month high of $37.50.

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 (OTCMKTS:FQVTF)

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