Fevertree Drinks (LON:FEVR) Stock Rating Reaffirmed by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

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Fevertree Drinks (LON:FEVR)‘s stock had its “neutral” rating restated by equities researchers at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell in a research report issued to clients and investors on Wednesday, Digital Look reports.

FEVR has been the topic of a number of other research reports. Liberum Capital restated a “buy” rating on shares of Fevertree Drinks in a research note on Tuesday, July 14th. Morgan Stanley restated an “equal weight” rating on shares of Fevertree Drinks in a research note on Tuesday, September 22nd. HSBC boosted their target price on Fevertree Drinks from GBX 2,090 ($27.31) to GBX 2,550 ($33.32) and gave the company a “buy” rating in a research note on Friday, July 10th. Royal Bank of Canada upgraded Fevertree Drinks to an “outperform” rating and boosted their target price for the company from GBX 1,100 ($14.37) to GBX 2,500 ($32.66) in a research note on Monday, June 22nd. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 2,500 ($32.66) price target on shares of Fevertree Drinks in a research report on Tuesday, September 15th. Two investment 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 presently has a consensus rating of “Hold” and a consensus price target of GBX 2,116 ($27.65).

LON FEVR traded up GBX 66.03 ($0.86) 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 business has a 50 day moving average price of GBX 2,195.45 and a 200 day moving average price of GBX 1,943.68. The company has a current ratio of 6.64, a quick ratio of 5.91 and a debt-to-equity ratio of 0.69. Fevertree Drinks has a 1 year low of GBX 888.40 ($11.61) and a 1 year high of GBX 2,437 ($31.84). The company has a market capitalization of $2.67 billion and a price-to-earnings ratio of 53.20.

In related news, insider Timothy (Tim) Daniel Warrillow sold 171,155 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was 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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