Several other equities analysts have also recently issued reports on the stock. Shore Capital restated a buy rating on shares of Fevertree Drinks in a research note on Thursday, August 15th. Numis Securities restated a buy rating and set a GBX 3,600 ($47.04) target price on shares of Fevertree Drinks in a research note on Monday, June 17th. Berenberg Bank lowered their target price on shares of Fevertree Drinks from GBX 3,900 ($50.96) to GBX 3,250 ($42.47) and set a buy rating on the stock in a research note on Monday, August 12th. Deutsche Bank lowered their target price on shares of Fevertree Drinks from GBX 2,900 ($37.89) to GBX 2,800 ($36.59) and set a buy rating on the stock in a research note on Wednesday, July 24th. Finally, Morgan Stanley reduced their price target 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. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fevertree Drinks presently has an average rating of Buy and an average price target of GBX 3,231.25 ($42.22).
FEVR opened at GBX 2,303 ($30.09) on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 4.35 and a current ratio of 5.17. The stock has a market capitalization of $2.68 billion and a P/E ratio of 42.03. The company’s 50-day simple moving average is GBX 2,272.36 and its two-hundred day simple moving average is GBX 2,618.33. Fevertree Drinks has a 52-week low of GBX 1,985 ($25.94) and a 52-week high of GBX 4,120 ($53.84).
The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 0.25%. The ex-dividend date was Thursday, August 8th. Fevertree Drinks’s payout ratio is currently 0.27%.
In other Fevertree Drinks news, insider Kevin Havelock purchased 13,298 shares of Fevertree Drinks stock in a transaction dated Wednesday, July 24th. The stock was purchased at an average price of GBX 2,177 ($28.45) per share, with a total value of £289,497.46 ($378,279.71).
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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