Whitman Howard reiterated their hold rating on shares of Fevertree Drinks PLC (LON:FEVR) in a research note released on Thursday, July 20th. The brokerage currently has a GBX 1,700 ($22.07) price objective on the stock.
A number of other research analysts have also recently issued reports on FEVR. Royal Bank Of Canada reissued an outperform rating and set a GBX 1,700 ($22.07) price objective on shares of Fevertree Drinks PLC in a report on Friday, March 24th. Shore Capital reaffirmed a hold rating on shares of Fevertree Drinks PLC in a report on Monday, May 15th. Finally, Berenberg Bank lifted their price target on Fevertree Drinks PLC from GBX 1,450 ($18.82) to GBX 1,700 ($22.07) and gave the company a buy rating in a report on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 2,143.75 ($27.83).
Fevertree Drinks PLC (LON:FEVR) traded up 2.07% during mid-day trading on Thursday, hitting GBX 2417.00. 301,965 shares of the stock traded hands. Fevertree Drinks PLC has a 12-month low of GBX 914.25 and a 12-month high of GBX 2,431.00. The company’s market cap is GBX 2.79 billion. The firm’s 50-day moving average is GBX 1,933.72 and its 200-day moving average is GBX 1,644.17.
The business also recently disclosed a dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 3.01 ($0.04) per share. This represents a dividend yield of 0.15%. The ex-dividend date is Thursday, August 10th.
In related news, insider William (Bill) Ronald sold 50,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of GBX 2,083 ($27.04), for a total value of £1,041,500 ($1,352,070.62).
About Fevertree Drinks PLC
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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