Fevertree Drinks (LON:FEVR) had its price objective trimmed by Berenberg Bank from GBX 3,900 ($50.96) to GBX 3,250 ($42.47) in a research note issued to investors on Monday, Digital Look reports. The brokerage currently has a buy rating on the stock.
Several other analysts have also issued reports on the company. Numis Securities reaffirmed a buy rating and issued a GBX 3,600 ($47.04) target price on shares of Fevertree Drinks in a research note on Monday, June 17th. Morgan Stanley cut their target price on Fevertree Drinks from GBX 4,000 ($52.27) to GBX 3,400 ($44.43) and set an overweight rating for the company in a research note on Friday, July 5th. Royal Bank of Canada reaffirmed an outperform rating on shares of Fevertree Drinks in a research note on Wednesday, July 17th. Shore Capital reaffirmed a buy rating on shares of Fevertree Drinks in a research note on Tuesday, July 23rd. Finally, HSBC reaffirmed a buy rating on shares of Fevertree Drinks in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 3,231.25 ($42.22).
Shares of FEVR opened at GBX 2,135 ($27.90) on Monday. The firm has a market cap of $2.49 billion and a P/E ratio of 38.96. The stock has a 50 day simple moving average of GBX 2,258.22 and a two-hundred day simple moving average of GBX 2,665.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 5.17 and a quick ratio of 4.35. Fevertree Drinks has a 1 year low of GBX 1,985 ($25.94) and a 1 year high of GBX 4,120 ($53.84).
The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 8th will be paid a dividend of GBX 5.20 ($0.07) per share. This represents a dividend yield of 0.25%. The ex-dividend date is Thursday, August 8th. Fevertree Drinks’s dividend payout ratio (DPR) is presently 0.27%.
In related news, insider Kevin Havelock acquired 13,298 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was purchased at an average price of GBX 2,177 ($28.45) per share, with a total value of £289,497.46 ($378,279.71).
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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