UBS Group Trims Fevertree Drinks (OTCMKTS:FQVTF) Target Price to GBX 1,360

Fevertree Drinks (OTCMKTS:FQVTFGet Rating) had its target price lowered by stock analysts at UBS Group from GBX 2,660 ($31.80) to GBX 1,360 ($16.26) in a research note issued on Thursday, The Fly reports.

Several other analysts also recently commented on FQVTF. Royal Bank of Canada reissued a “hold” rating and issued a $1,600.00 price objective on shares of Fevertree Drinks in a research note on Wednesday, June 1st. Morgan Stanley cut their price target on Fevertree Drinks from GBX 2,000 ($23.91) to GBX 1,600 ($19.13) in a report on Thursday, June 9th. Redburn Partners raised Fevertree Drinks from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 5th. Berenberg Bank lowered their price target on Fevertree Drinks from GBX 2,000 ($23.91) to GBX 1,100 ($13.15) in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on Fevertree Drinks from GBX 1,800 ($21.52) to GBX 1,600 ($19.13) in a report on Thursday, June 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,898.89.

Fevertree Drinks Trading Up 0.8 %

OTCMKTS FQVTF opened at $13.54 on Thursday. Fevertree Drinks has a 12 month low of $10.40 and a 12 month high of $37.36. The business’s 50-day moving average price is $17.10 and its two-hundred day moving average price is $22.87.

Fevertree Drinks Company Profile

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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.

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