Fevertree Drinks (LON:FEVR)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a report issued on Friday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the stock. Numis Securities reaffirmed a “buy” rating and set a GBX 573 ($7.49) price objective on shares of in a research report on Monday, June 17th. Morgan Stanley cut their price objective on shares of Fevertree Drinks from GBX 4,000 ($52.27) to GBX 3,400 ($44.43) and set an “overweight” rating for the company in a research report on Friday, July 5th. Berenberg Bank upped their price objective on shares of from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the company a “buy” rating in a research report on Tuesday, June 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 485 ($6.34) price objective on shares of in a research report on Tuesday, July 9th. Finally, HSBC set a $46.00 price objective on shares of Aqua America and gave the company a “buy” rating in a research report on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 3,312.50 ($43.28).
Shares of FEVR opened at GBX 2,207 ($28.84) on Friday. The company’s 50-day moving average is GBX 2,450.44. The firm has a market capitalization of $2.56 billion and a price-to-earnings ratio of 41.48. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.31 and a quick ratio of 3.53. Fevertree Drinks has a 52 week low of GBX 2,106 ($27.52) and a 52 week high of GBX 4,120 ($53.84).
About Fevertree Drinks
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, aromatic tonic water, Clementine tonic water, lemon tonic water, ginger beer, ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.
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