Fevertree Drinks (LON:FEVR) had its price target cut by Royal Bank of Canada from GBX 3,800 ($49.65) to GBX 3,400 ($44.43) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the stock.
A number of other analysts have also commented on FEVR. Shore Capital restated a hold rating on shares of S & U in a report on Tuesday, March 26th. Numis Securities restated a buy rating and issued a GBX 573 ($7.49) price target on shares of in a report on Monday, June 17th. Berenberg Bank boosted their price target on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the company a buy rating in a report on Tuesday, June 4th. Morgan Stanley cut their price target on Fevertree Drinks from GBX 4,000 ($52.27) to GBX 3,400 ($44.43) and set an overweight rating on the stock in a report on Friday, July 5th. Finally, Deutsche Bank upgraded Elis from a hold rating to a buy rating in a report on Thursday, July 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 3,312.50 ($43.28).
Shares of Fevertree Drinks stock opened at GBX 2,184.50 ($28.54) on Tuesday. The company has a market capitalization of $2.54 billion and a price-to-earnings ratio of 41.06. The firm has a 50-day moving average price of GBX 2,462.62. Fevertree Drinks has a one year low of GBX 2,106 ($27.52) and a one year high of GBX 4,120 ($53.84). The company has a current ratio of 4.31, a quick ratio of 3.53 and a debt-to-equity ratio of 3.32.
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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