Fevertree Drinks (LON:FEVR) Given Outperform Rating at Royal Bank of Canada
Royal Bank of Canada restated their outperform rating on shares of Fevertree Drinks (LON:FEVR) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.
Several other analysts have also recently weighed in on FEVR. Berenberg Bank boosted their price objective on shares of from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the stock a buy rating in a research note on Tuesday, June 4th. Shore Capital reissued a house stock rating on shares of in a research note on Friday, July 12th. Morgan Stanley reduced their price objective on shares of Fevertree Drinks from GBX 4,000 ($52.27) to GBX 3,400 ($44.43) and set an overweight rating on the stock in a research note on Friday, July 5th. Numis Securities reissued a buy rating and issued a GBX 573 ($7.49) price objective on shares of in a research note on Monday, June 17th. Finally, HSBC set a $46.00 price objective on shares of Aqua America and gave the stock a buy rating in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Fevertree Drinks presently has an average rating of Buy and a consensus target price of GBX 3,325 ($43.45).
Shares of Fevertree Drinks stock opened at GBX 2,193 ($28.66) on Wednesday. The company has a current ratio of 4.31, a quick ratio of 3.53 and a debt-to-equity ratio of 3.32. Fevertree Drinks has a twelve month low of GBX 2,021 ($26.41) and a twelve month high of GBX 4,120 ($53.84). The company has a market capitalization of $2.55 billion and a PE ratio of 41.22. The business has a fifty day simple moving average of GBX 2,376.04.
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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