Morgan Stanley reissued their overweight rating on shares of Fevertree Drinks (LON:FEVR) in a report issued on Wednesday, September 12th. Morgan Stanley currently has a GBX 4,200 ($54.71) price target on the stock.
Several other research analysts also recently issued reports on FEVR. Jefferies Financial Group lifted their price objective on Fevertree Drinks from GBX 3,000 ($39.08) to GBX 4,000 ($52.10) and gave the stock a buy rating in a research report on Friday, June 22nd. Shore Capital restated a hold rating on shares of Fevertree Drinks in a research report on Tuesday, July 24th. Finally, Berenberg Bank restated a buy rating and set a GBX 3,350 ($43.64) price objective on shares of Fevertree Drinks in a research report on Tuesday, May 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Fevertree Drinks currently has a consensus rating of Buy and an average price target of GBX 3,676 ($47.88).
Shares of FEVR stock traded down GBX 142 ($1.85) during midday trading on Wednesday, reaching GBX 3,222 ($41.97). 1,694,847 shares of the company traded hands, compared to its average volume of 460,543. Fevertree Drinks has a 1-year low of GBX 1,353.93 ($17.64) and a 1-year high of GBX 2,926 ($38.11).
The company also recently announced a dividend, which was paid on Friday, September 7th. Shareholders of record on Thursday, August 9th were paid a GBX 4.22 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a yield of 0.11%.
Fevertree Drinks Company Profile
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.
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