Fevertree Drinks PLC (FEVR) PT Raised to GBX 1,200
Fevertree Drinks PLC (LON:FEVR) had its price objective increased by analysts at Berenberg Bank from GBX 980 ($12.24) to GBX 1,200 ($14.99) in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 13.21% from the company’s current price.
Separately, Investec upped their target price on Fevertree Drinks PLC from GBX 915 ($11.43) to GBX 1,140 ($14.24) and gave the stock a “buy” rating in a research note on Monday, November 7th.
Fevertree Drinks PLC (LON:FEVR) opened at 1061.00 on Friday. Fevertree Drinks PLC has a 52-week low of GBX 484.84 and a 52-week high of GBX 1,121.48. The stock has a 50 day moving average price of GBX 985.78 and a 200 day moving average price of GBX 848.32. The company’s market capitalization is GBX 1.22 billion.
About Fevertree Drinks PLC
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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