JPMorgan Chase & Co. Increases Fevertree Drinks (LON:FEVR) Price Target to GBX 850

Fevertree Drinks (LON:FEVR) had its price target upped by JPMorgan Chase & Co. from GBX 770 to GBX 850 in a research report issued on Friday, Marketbeat reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 5.97% from the company’s current price.

Fevertree Drinks Price Performance

FEVR stock opened at GBX 904 on Friday. 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 company has a market capitalization of £1.07 billion, a PE ratio of 4,335.73, a P/E/G ratio of -4.51 and a beta of 1.07. Fevertree Drinks has a 12-month low of GBX 608.50 and a 12-month high of GBX 1,020. The business’s fifty day moving average price is GBX 892.40 and its 200 day moving average price is GBX 843.75.

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%. On average, sell-side analysts anticipate that Fevertree Drinks will post 38.3184173 EPS for the current year.

Insider Activity

In related news, insider Kevin Havelock bought 37,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of GBX 846 per share, with a total value of £313,020. Corporate insiders own 12.57% of the company’s stock.

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.