Insider Buying: Fevertree Drinks (LON:FEVR) Insider Buys £313,020 in Stock

Fevertree Drinks PLC (LON:FEVR) insider Kevin Havelock bought 37,000 shares of Fevertree Drinks stock in a transaction that occurred on Thursday, September 11th. The stock was purchased at an average cost of GBX 846 per share, for a total transaction of £313,020.

Fevertree Drinks Stock Up 3.7%

FEVR opened at GBX 904 on Monday. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50. Fevertree Drinks PLC has a 52 week low of GBX 608.50 and a 52 week high of GBX 1,020. The stock has a market cap 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. The business’s fifty day simple moving average is GBX 892.40 and its 200 day simple moving average is GBX 844.86.

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

Analyst Ratings Changes

Several research firms have recently commented on FEVR. JPMorgan Chase & Co. upped their price objective on Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group restated a “hold” rating and issued a GBX 900 price objective on shares of Fevertree Drinks in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Fevertree Drinks from GBX 800 to GBX 840 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 863.33.

About Fevertree Drinks

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.