Fevertree Drinks PLC (LON:FEVR – Get Free Report)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 771.87 ($10.09) and last traded at GBX 811 ($10.61), with a volume of 1030519 shares changing hands. The stock had previously closed at GBX 862.50 ($11.28).
Wall Street Analysts Forecast Growth
FEVR has been the subject of several research reports. Jefferies Financial Group decreased their price objective 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. JPMorgan Chase & Co. decreased their price target on shares of Fevertree Drinks from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a “neutral” rating for the company in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,566 ($20.48).
Read Our Latest Stock Analysis on FEVR
Fevertree Drinks Trading Up 0.5 %
Fevertree Drinks Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a dividend of GBX 5.85 ($0.08) per share. This represents a yield of 0.68%. The ex-dividend date is Thursday, September 26th. Fevertree Drinks’s payout ratio is currently 13,076.92%.
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.
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