Fevertree Drinks (LON:FEVR) Price Target Cut to GBX 1,325 by Analysts at Deutsche Bank Aktiengesellschaft

Fevertree Drinks (LON:FEVR) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,450 ($18.96) to GBX 1,325 ($17.33) in a note issued to investors on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 70.86% from the stock’s previous close.

FEVR has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on Fevertree Drinks from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a “neutral” rating on the stock in a research note on Thursday, July 18th. Jefferies Financial Group cut their price target on shares of Fevertree Drinks from GBX 1,150 ($15.04) to GBX 1,000 ($13.08) and set a “hold” rating for the company in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,511 ($19.76).

Fevertree Drinks Stock Up 1.2 %

Shares of LON FEVR traded up GBX 9 ($0.12) during trading hours on Friday, hitting GBX 775.50 ($10.14). The company had a trading volume of 249,075 shares, compared to its average volume of 276,315. The company has a quick ratio of 3.21, a current ratio of 3.71 and a debt-to-equity ratio of 6.39. The firm’s 50 day moving average is GBX 915.72 and its 200-day moving average is GBX 1,045.56. Fevertree Drinks has a 1-year low of GBX 756.50 ($9.89) and a 1-year high of GBX 1,300 ($17.00). The stock has a market capitalization of £905.32 million, a P/E ratio of 4,081.58, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Company Profile

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.