Deutsche Bank Aktiengesellschaft Increases Fevertree Drinks (LON:FEVR) Price Target to GBX 840

Fevertree Drinks (LON:FEVR) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 840 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 7.08% from the company’s previous close.

Several other analysts also recently issued reports on FEVR. Jefferies Financial Group restated a “hold” rating and set a GBX 900 price objective on shares of Fevertree Drinks in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Fevertree Drinks presently has an average rating of “Hold” and an average price target of GBX 863.33.

Fevertree Drinks Price Performance

Shares of Fevertree Drinks stock opened at GBX 904 on Thursday. The company’s 50-day moving average price is GBX 892.40 and its two-hundred day moving average price is GBX 842.79. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50. The stock has a market cap of £1.07 billion, a PE ratio of 4,335.73, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. Fevertree Drinks has a 52 week low of GBX 608.50 and a 52 week high of GBX 1,020.

Fevertree Drinks (LON:FEVR) last posted its quarterly earnings data on Thursday, September 11th. The company reported GBX 6.85 earnings per share (EPS) for the quarter. Fevertree Drinks had a return on equity of 9.30% and a net margin of 6.05%. As a group, sell-side analysts anticipate that Fevertree Drinks will post 38.3184173 EPS for the current fiscal year.

Insider Buying and Selling at Fevertree Drinks

In other Fevertree Drinks news, insider Kevin Havelock bought 37,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of GBX 846 per share, for a total transaction of £313,020. 12.57% of the stock is owned by corporate insiders.

Fevertree Drinks Company Profile

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.