Jefferies Financial Group reaffirmed their hold rating on shares of Fevertree Drinks (LON:FEVR) in a research note released on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 2,400 ($31.36) price objective on the stock.
Other equities research analysts also recently issued research reports about the company. Shore Capital reaffirmed a buy rating on shares of Fevertree Drinks in a research report on Thursday, August 15th. Deutsche Bank dropped their price objective on 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 report on Wednesday, July 24th. Liberum Capital assumed coverage on Fevertree Drinks in a research report on Tuesday, September 24th. They set a buy rating and a GBX 2,825 ($36.91) price objective on the stock. Berenberg Bank dropped their price objective on 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 report on Monday, August 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Fevertree Drinks from GBX 2,740 ($35.80) to GBX 2,400 ($31.36) and set an overweight rating on the stock in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 2,847.50 ($37.21).
Shares of FEVR remained flat at $GBX 2,004 ($26.19) during midday trading on Wednesday. The stock had a trading volume of 737,618 shares, compared to its average volume of 460,543. Fevertree Drinks has a fifty-two week low of GBX 1,697.02 ($22.17) and a fifty-two week high of GBX 3,290 ($42.99). The company has a debt-to-equity ratio of 1.01, a current ratio of 5.17 and a quick ratio of 4.35. The firm has a 50 day moving average price of GBX 2,029.05 and a 200 day moving average price of GBX 2,364.17. The company has a market capitalization of $2.33 billion and a P/E ratio of 36.57.
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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