Fevertree Drinks’ (FEVR) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Fevertree Drinks (LON:FEVR)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, PriceTargets.com reports. They currently have a GBX 2,000 ($26.13) target price on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 10.91% from the stock’s current price.

Several other equities analysts have also commented on the stock. reiterated a “neutral” rating on shares of Fevertree Drinks in a research report on Wednesday, June 30th. Citigroup restated a “neutral” rating and issued a GBX 2,300 ($30.05) target price on shares of Fevertree Drinks in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Fevertree Drinks from GBX 1,950 ($25.48) to GBX 1,900 ($24.82) and set an “underweight” rating for the company in a report on Wednesday. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,300 ($30.05) target price on shares of Fevertree Drinks in a report on Friday, May 21st. Finally, restated a “neutral” rating on shares of Fevertree Drinks in a report on Wednesday, June 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 2,179 ($28.47).

FEVR stock opened at GBX 2,245 ($29.33) on Tuesday. Fevertree Drinks has a 52 week low of GBX 1,919 ($25.07) and a 52 week high of GBX 2,786.54 ($36.41). The company has a quick ratio of 4.39, a current ratio of 5.37 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is GBX 2,552.76. The company has a market capitalization of £2.62 billion and a price-to-earnings ratio of 62.71.

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, citrus tonic water lemon tonic water, ginger beer, ginger ale, smoky ginger ale, spiced orange ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.

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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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