Fevertree Drinks (FEVR) Now Covered by Deutsche Bank

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Deutsche Bank assumed coverage on shares of Fevertree Drinks (LON:FEVR) in a research note issued to investors on Wednesday, October 17th. The firm issued a hold rating and a GBX 3,000 ($39.20) price objective on the stock.

FEVR has been the topic of several other reports. Berenberg Bank boosted their price target on Fevertree Drinks from GBX 3,350 ($43.77) to GBX 4,250 ($55.53) and gave the stock a buy rating in a research report on Friday, October 5th. Morgan Stanley reaffirmed an overweight rating and issued a GBX 4,200 ($54.88) target price on shares of Fevertree Drinks in a research report on Wednesday, September 12th. Shore Capital reaffirmed a hold rating on shares of Fevertree Drinks in a research report on Tuesday, July 24th. Finally, Jefferies Financial Group upped their target price on Fevertree Drinks from GBX 4,000 ($52.27) to GBX 4,300 ($56.19) and gave the company a buy rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Fevertree Drinks currently has an average rating of Buy and an average price target of GBX 3,563.33 ($46.56).

Fevertree Drinks stock traded down GBX 31 ($0.41) during midday trading on Wednesday, hitting GBX 2,924 ($38.21). 405,696 shares of the company were exchanged, compared to its average volume of 460,543. Fevertree Drinks has a fifty-two week low of GBX 1,353.93 ($17.69) and a fifty-two week high of GBX 2,926 ($38.23).

In other news, insider Kevin Havelock purchased 1,638 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The shares were acquired at an average cost of GBX 2,930 ($38.29) per share, with a total value of £47,993.40 ($62,711.88).

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.

See Also: Average Daily Trade Volume – ADTV

Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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