Fevertree Drinks (OTCMKTS:FQVTF)‘s stock had its “sell” rating reaffirmed by Societe Generale in a report released on Thursday, The Fly reports.
A number of other research analysts also recently commented on FQVTF. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Fevertree Drinks in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Fevertree Drinks in a research note on Thursday. Morgan Stanley reissued an “equal weight” rating on shares of Fevertree Drinks in a research note on Wednesday. Finally, Royal Bank of Canada downgraded Fevertree Drinks from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, March 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold”.
FQVTF stock traded down $2.00 during midday trading on Thursday, reaching $31.00. The company had a trading volume of 1,417 shares, compared to its average volume of 2,194. The company’s 50 day simple moving average is $36.14. Fevertree Drinks has a 1-year low of $26.50 and a 1-year high of $38.63.
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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