Fevertree Drinks (LON:FEVR) Earns Overweight Rating from Barclays

Torri Donley

Barclays reiterated their overweight rating on shares of Fevertree Drinks (LON:FEVR) in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,500 ($32.67) target price on the stock. Other equities analysts also recently issued research reports about the stock. HSBC increased their price target on shares […]

Barclays reiterated their overweight rating on shares of Fevertree Drinks (LON:FEVR) in a report issued on Tuesday, Digital Look reports. They currently have a GBX 2,500 ($32.67) target price on the stock.

Other equities analysts also recently issued research reports about the stock. HSBC increased their price target on shares of Fevertree Drinks from GBX 2,090 ($27.31) to GBX 2,550 ($33.32) and gave the stock a buy rating in a research note on Friday, July 10th. JPMorgan Chase & Co. lowered shares of Fevertree Drinks to an underweight rating and increased their price objective for the stock from GBX 1,260 ($16.46) to GBX 1,900 ($24.83) in a research report on Thursday, July 16th. Goldman Sachs Group increased their price objective on shares of Fevertree Drinks from GBX 1,220 ($15.94) to GBX 1,440 ($18.82) and gave the stock a sell rating in a research report on Thursday, July 23rd. Liberum Capital reissued a buy rating on shares of Fevertree Drinks in a research report on Tuesday, July 14th. Finally, Royal Bank of Canada raised shares of Fevertree Drinks to an outperform rating and increased their price objective for the stock from GBX 1,100 ($14.37) to GBX 2,500 ($32.67) in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 2,071 ($27.06).

Shares of FEVR opened at GBX 2,400 ($31.36) on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 6.64 and a quick ratio of 5.91. The stock has a market cap of $2.79 billion and a PE ratio of 58.68. Fevertree Drinks has a 1-year low of GBX 19.19 ($0.25) and a 1-year high of GBX 2,492.14 ($32.56). The firm has a fifty day moving average price of GBX 2,161.06 and a 200 day moving average price of GBX 1,791.10.

The company also recently declared a dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 24th will be issued a dividend of GBX 5.41 ($0.07) per share. This represents a yield of 0.25%. The ex-dividend date of this dividend is Thursday, September 24th. Fevertree Drinks’s payout ratio is 36.67%.

In related news, insider Timothy (Tim) Daniel Warrillow sold 171,155 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of GBX 2,019 ($26.38), for a total transaction of £3,455,619.45 ($4,515,378.87).

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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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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