Fevertree Drinks PLC (FEVR) Given Average Recommendation of “Buy” by Brokerages
Fevertree Drinks PLC (LON:FEVR) has been given an average rating of “Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 4,012.50 ($52.43).
A number of equities analysts have recently issued reports on FEVR shares. Berenberg Bank raised 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 research report on Friday, October 5th. Morgan Stanley restated an “overweight” rating and set a GBX 4,200 ($54.88) target price on shares of Fevertree Drinks in a research report on Wednesday, September 12th. Finally, Deutsche Bank started coverage on shares of Fevertree Drinks in a research report on Wednesday, October 17th. They set a “hold” rating and a GBX 3,000 ($39.20) target price on the stock.
In other news, insider Kevin Havelock acquired 1,638 shares of the stock in a transaction that occurred on Wednesday, October 10th. The shares were purchased at an average cost of GBX 2,930 ($38.29) per share, for a total transaction of £47,993.40 ($62,711.88).
Fevertree Drinks Company Profile
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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