Shares of Fevertree Drinks PLC (LON:FEVR) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,030 ($40.34).
FEVR has been the subject of a number of analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 3,350 ($44.60) price target on shares of Fevertree Drinks in a research note on Tuesday, May 22nd. Royal Bank of Canada upgraded Fevertree Drinks to an “outperform” rating and lifted their price target for the company from GBX 2,350 ($31.29) to GBX 3,300 ($43.94) in a research note on Monday, March 19th. Shore Capital reiterated a “hold” rating on shares of Fevertree Drinks in a research note on Wednesday, March 28th. Finally, Jefferies Financial Group lifted their price target on Fevertree Drinks from GBX 3,000 ($39.94) to GBX 4,000 ($53.26) and gave the company a “buy” rating in a research note on Friday, June 22nd.
In related news, insider Kevin Havelock purchased 9,000 shares of the business’s stock in a transaction on Friday, May 18th. The stock was acquired at an average price of GBX 2,807 ($37.37) per share, for a total transaction of £252,630 ($336,346.69).
Shares of FEVR opened at GBX 3,619 ($48.18) on Friday. Fevertree Drinks has a one year low of GBX 1,353.93 ($18.03) and a one year high of GBX 2,926 ($38.96).
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, naturally light tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, ginger beer, naturally light ginger beer, ginger ale, Madagascan cola, bitter lemon, lemonade, Sicilian lemonade, spring soda water, and premium cola.
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