Fevertree Drinks PLC (FEVR) Given Average Rating of “Buy” by Brokerages
Fevertree Drinks PLC (LON:FEVR) has been assigned an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,563.33 ($46.56).
A number of research analysts have recently commented on the stock. Morgan Stanley reissued an “overweight” rating and issued a GBX 4,200 ($54.88) target price on shares of Fevertree Drinks in a report on Wednesday, September 12th. Berenberg Bank increased their target price on shares of Fevertree Drinks from GBX 3,350 ($43.77) to GBX 4,250 ($55.53) and gave the stock a “buy” rating in a report on Friday, October 5th. Jefferies Financial Group increased their target price on shares of Fevertree Drinks from GBX 4,000 ($52.27) to GBX 4,300 ($56.19) and gave the stock a “buy” rating in a report on Monday, August 6th. Deutsche Bank assumed coverage on shares of Fevertree Drinks in a report on Wednesday, October 17th. They issued a “hold” rating and a GBX 3,000 ($39.20) target price for the company. Finally, Shore Capital reissued a “hold” rating on shares of Fevertree Drinks in a report on Tuesday, July 24th.
FEVR traded down GBX 207 ($2.70) on Thursday, hitting GBX 2,679 ($35.01). 576,999 shares of the stock were exchanged, compared to its average volume of 460,543. Fevertree Drinks has a 12 month low of GBX 1,353.93 ($17.69) and a 12 month high of GBX 2,926 ($38.23).
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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