Fevertree Drinks (LON:FEVR) Earns Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Fevertree Drinks (LON:FEVR) in a report issued on Thursday morning, Marketbeat reports. The brokerage currently has a GBX 1,200 ($15.19) target price on the stock.

Fevertree Drinks Stock Down 2.6 %

Shares of LON FEVR opened at GBX 1,068 ($13.52) on Thursday. Fevertree Drinks has a one year low of GBX 947 ($11.99) and a one year high of GBX 1,489 ($18.85). The company has a debt-to-equity ratio of 6.39, a current ratio of 3.71 and a quick ratio of 3.21. The business’s fifty day moving average price is GBX 1,111.85 and its 200-day moving average price is GBX 1,069.47. The stock has a market capitalization of £1.25 billion, a PE ratio of 8,215.38, a P/E/G ratio of -4.51 and a beta of 1.09.

Fevertree Drinks Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 16th will be issued a dividend of GBX 10.90 ($0.14) per share. This is a boost from Fevertree Drinks’s previous dividend of $5.74. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 1.01%. Fevertree Drinks’s dividend payout ratio is 13,076.92%.

Insider Buying and Selling

In related news, insider Domenico De Lorenzo acquired 45,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were acquired at an average price of GBX 974 ($12.33) per share, with a total value of £438,300 ($554,739.91). 11.04% of the stock is currently owned by insiders.

Fevertree Drinks Company Profile

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. The company offers Indian, Mediterranean, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; gingers; sodas; cola and lemonades; cocktails; and sparkling soft drinks.