Fevertree Drinks (LON:FEVR) Receives “Neutral” Rating from Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

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Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed their neutral rating on shares of Fevertree Drinks (LON:FEVR) in a research report sent to investors on Wednesday morning, Digital Look reports.

Several other research analysts have also issued reports on the stock. Berenberg Bank increased their target price on shares of Fevertree Drinks from GBX 2,250 ($29.40) to GBX 2,350 ($30.70) and gave the stock a buy rating in a research note on Tuesday, July 28th. Jefferies Financial Group upped their price objective on shares of Fevertree Drinks from GBX 1,500 ($19.60) to GBX 2,000 ($26.13) and gave the stock a hold rating in a report on Friday, July 3rd. JPMorgan Chase & Co. downgraded shares of Fevertree Drinks to an underweight rating and upped their price objective for the stock from GBX 1,260 ($16.46) to GBX 1,900 ($24.82) in a report on Thursday, July 16th. Royal Bank of Canada upgraded shares of Fevertree Drinks to an outperform rating and upped their price objective for the stock from GBX 1,100 ($14.37) to GBX 2,500 ($32.66) in a report on Monday, June 22nd. Finally, Liberum Capital restated a buy rating on shares of Fevertree Drinks in a report on Tuesday, July 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 2,116 ($27.65).

Shares of LON:FEVR traded up GBX 66.03 ($0.86) during trading on Wednesday, reaching GBX 2,176.03 ($28.43). The stock had a trading volume of 376,728 shares, compared to its average volume of 707,431. The firm’s fifty day moving average is GBX 2,195.45 and its 200 day moving average is GBX 1,943.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.91 and a current ratio of 6.64. Fevertree Drinks has a 52 week low of GBX 888.40 ($11.61) and a 52 week high of GBX 2,437 ($31.84). The stock has a market cap of $2.67 billion and a price-to-earnings ratio of 53.20.

The company also recently announced a dividend, which was paid on Friday, October 16th. Stockholders of record on Thursday, September 24th were issued a GBX 5.41 ($0.07) dividend. The ex-dividend date was Thursday, September 24th. This represents a dividend yield of 0.25%. Fevertree Drinks’s dividend payout ratio is currently 36.67%.

In related news, insider Timothy (Tim) Daniel Warrillow sold 171,155 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of GBX 2,019 ($26.38), for a total transaction of £3,455,619.45 ($4,514,788.93).

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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Analyst Recommendations for Fevertree Drinks (LON:FEVR)

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