Fevertree Drinks PLC (OTCMKTS:FQVTF – Get Rating) has been assigned an average rating of "Hold" from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $1,319.29.
A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Fevertree Drinks from GBX 1,600 ($19.51) to GBX 1,200 ($14.63) in a report on Tuesday, August 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Fevertree Drinks from GBX 900 ($10.97) to GBX 935 ($11.40) in a report on Monday, September 12th. JPMorgan Chase & Co. raised their price objective on Fevertree Drinks from GBX 1,100 ($13.41) to GBX 1,200 ($14.63) in a report on Thursday, December 1st. Royal Bank of Canada upped their target price on Fevertree Drinks from GBX 700 ($8.54) to GBX 800 ($9.75) in a research note on Wednesday, September 14th. Finally, Berenberg Bank downgraded shares of Fevertree Drinks from a "buy" rating to a "hold" rating in a research note on Friday, September 16th.
Get Fevertree Drinks alerts:Fevertree Drinks Trading Up 3.3 %
Shares of Fevertree Drinks stock opened at $13.45 on Monday. The company has a 50 day simple moving average of $11.91 and a two-hundred day simple moving average of $13.09. Fevertree Drinks has a 1 year low of $8.81 and a 1 year high of $37.36.
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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