Numis Securities Reaffirms Buy Rating for Fevertree Drinks (LON:FEVR)

Fevertree Drinks (LON:FEVRGet Rating)‘s stock had its “buy” rating reissued by research analysts at Numis Securities in a report released on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,500 ($18.66) price target on the stock. Numis Securities’ target price indicates a potential upside of 4.24% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,000 ($12.44) target price on shares of Fevertree Drinks in a research note on Wednesday, March 22nd. Royal Bank of Canada raised their price target on Fevertree Drinks from GBX 1,000 ($12.44) to GBX 1,500 ($18.66) and gave the company a “hold” rating in a report on Thursday. Barclays restated an “equal weight” rating and set a GBX 1,040 ($12.94) price target on shares of Fevertree Drinks in a report on Monday, February 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,200 ($14.93) price target on shares of Fevertree Drinks in a report on Friday, March 24th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Fevertree Drinks presently has a consensus rating of “Hold” and an average target price of GBX 1,159.38 ($14.42).

Fevertree Drinks Price Performance

FEVR traded up GBX 16 ($0.20) on Thursday, hitting GBX 1,439 ($17.90). 79,423 shares of the company’s stock traded hands, compared to its average volume of 462,010. The company’s 50 day simple moving average is GBX 1,316.70 and its 200-day simple moving average is GBX 1,164.53. The firm has a market cap of ¬£1.68 billion, a price-to-earnings ratio of 6,810.86, a P/E/G ratio of -4.51 and a beta of 1.20. Fevertree Drinks has a one year low of GBX 804.50 ($10.01) and a one year high of GBX 1,654 ($20.57). The company has a current ratio of 4.00, a quick ratio of 3.21 and a debt-to-equity ratio of 7.07.

Fevertree Drinks Company Profile

(Get Rating)

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, Clementine tonic water, ginger beer, ginger ale, and cola distillers.

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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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