Fevertree Drinks (LON:FEVR) PT Lowered to GBX 1,100 at Berenberg Bank

Fevertree Drinks (LON:FEVRGet Rating) had its price objective decreased by Berenberg Bank from GBX 2,000 ($23.91) to GBX 1,100 ($13.15) in a research report released on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Several other research firms have also recently issued reports on FEVR. Peel Hunt restated a hold rating and set a GBX 1,900 ($22.71) price objective on shares of Fevertree Drinks in a report on Tuesday, April 12th. Morgan Stanley reiterated an equal weight rating and issued a GBX 2,000 ($23.91) target price on shares of Fevertree Drinks in a report on Sunday, April 24th. Royal Bank of Canada reiterated a sector perform rating and issued a GBX 1,600 ($19.13) target price on shares of Fevertree Drinks in a report on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 3,060 ($36.58) target price on shares of Fevertree Drinks in a report on Friday, May 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of GBX 1,708.89 ($20.43).

Fevertree Drinks Price Performance

FEVR stock opened at GBX 924 ($11.05) on Monday. Fevertree Drinks has a 52-week low of GBX 804.50 ($9.62) and a 52-week high of GBX 2,871 ($34.32). The stock’s fifty day simple moving average is GBX 1,416.36 and its 200-day simple moving average is GBX 1,789.40. The company has a quick ratio of 4.58, a current ratio of 5.43 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of £1.08 billion and a price-to-earnings ratio of 2,425.00.

Insider Buying and Selling at Fevertree Drinks

In related news, insider William (Bill) Ronald acquired 11,416 shares of the business’s stock in a transaction on Friday, July 15th. The shares were bought at an average cost of GBX 872 ($10.42) per share, with a total value of £99,547.52 ($119,004.81). In related news, insider William (Bill) Ronald acquired 11,416 shares of the business’s stock in a transaction on Friday, July 15th. The shares were bought at an average cost of GBX 872 ($10.42) per share, with a total value of £99,547.52 ($119,004.81). Also, insider Laura Kate Hagan acquired 634 shares of the business’s stock in a transaction on Monday, May 30th. The stock was bought at an average cost of GBX 1,575 ($18.83) per share, for a total transaction of £9,985.50 ($11,937.24).

About Fevertree Drinks

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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.

Further Reading

Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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