Several other research analysts have also commented on FEVR. Berenberg Bank lifted their price target on Fevertree Drinks from GBX 2,850 ($39.38) to GBX 3,350 ($46.28) and gave the stock a buy rating in a research report on Monday, March 19th. Royal Bank of Canada upgraded Fevertree Drinks to an outperform rating and lifted their target price for the company from GBX 2,350 ($32.47) to GBX 3,300 ($45.59) in a research note on Monday, March 19th. Morgan Stanley reiterated an overweight rating and issued a GBX 3,100 ($42.83) target price on shares of Fevertree Drinks in a research note on Tuesday, March 13th. Jefferies Group assumed coverage on Fevertree Drinks in a research note on Friday, January 19th. They issued a buy rating and a GBX 3,000 ($41.45) target price on the stock. Finally, Investec reiterated a buy rating and issued a GBX 2,330 ($32.19) target price on shares of Fevertree Drinks in a research note on Tuesday, December 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 2,863.33 ($39.56).
LON:FEVR opened at GBX 2,632 ($36.36) on Wednesday. Fevertree Drinks has a 52 week low of GBX 1,353.93 ($18.71) and a 52 week high of GBX 2,926 ($40.43).
In other Fevertree Drinks news, insider Andrew Branchflower sold 26,905 shares of Fevertree Drinks stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of GBX 2,596 ($35.87), for a total value of £698,453.80 ($964,981.76).
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About Fevertree Drinks
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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