Fevertree Drinks (FEVR) Now Covered by Jefferies Group
Jefferies Group began coverage on shares of Fevertree Drinks (LON:FEVR) in a research report released on Friday morning. The firm issued a buy rating and a GBX 3,000 ($40.68) target price on the stock.
Several other research analysts also recently issued reports on FEVR. Royal Bank of Canada downgraded Fevertree Drinks to a sector performer rating and cut their price objective for the stock from GBX 2,400 ($32.55) to GBX 2,000 ($27.12) in a research report on Thursday, November 2nd. Shore Capital restated a hold rating on shares of Fevertree Drinks in a research report on Tuesday, November 7th. Berenberg Bank restated a buy rating and set a GBX 2,400 ($32.55) price objective on shares of Fevertree Drinks in a research report on Monday, November 20th. Finally, Investec reaffirmed a buy rating and issued a GBX 2,330 ($31.60) target price on shares of Fevertree Drinks in a research note on Tuesday, December 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Fevertree Drinks has a consensus rating of Buy and a consensus target price of GBX 2,366 ($32.09).
Shares of Fevertree Drinks (LON:FEVR) traded up GBX 118 ($1.60) during trading on Friday, hitting GBX 2,502 ($33.93). The company had a trading volume of 641,940 shares, compared to its average volume of 301,294. Fevertree Drinks has a 1 year low of GBX 1,107 ($15.01) and a 1 year high of GBX 2,569 ($34.84). The firm has a market cap of $2,870.00 and a P/E ratio of 7,818.75.
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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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