Fevertree Drinks (LON:FEVR) Given New GBX 840 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised the price target for Fevertree Drinks from GBX 800 to GBX 840 while maintaining a "buy" rating, indicating a potential downside risk of 5.42% from the previous close.
• Other analysts have varied opinions, with JPMorgan raising its target to GBX 850 and Jefferies maintaining a "hold" rating with a target of GBX 900, resulting in a consensus rating of "Hold."
• Fevertree Drinks reported earnings of GBX 6.85 per share for the last quarter and has a current ratio of 4.11, which indicates strong liquidity.

Fevertree Drinks (LON:FEVR - Get Free Report) had its price target lifted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 840 in a research note issued on Thursday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential downside of 5.42% from the company's previous close.

A number of other equities research analysts have also recently weighed in on FEVR. JPMorgan Chase & Co. raised their price target on Fevertree Drinks from GBX 770 to GBX 850 and gave the company a "neutral" rating in a report on Friday. Jefferies Financial Group reissued a "hold" rating and issued a GBX 900 target price on shares of Fevertree Drinks in a research note on Friday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of GBX 863.33.

Fevertree Drinks Trading Up 1.9%

FEVR stock opened at GBX 888.16 on Thursday. The business has a fifty day moving average price of GBX 893.09 and a 200 day moving average price of GBX 841.44. Fevertree Drinks has a fifty-two week low of GBX 608.50 and a fifty-two week high of GBX 1,020. The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 4,259.76, a P/E/G ratio of -4.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.11 and a quick ratio of 3.21.

Fevertree Drinks (LON:FEVR - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The company reported GBX 6.85 earnings per share for the quarter. Fevertree Drinks had a return on equity of 9.30% and a net margin of 6.05%. Analysts expect that Fevertree Drinks will post 38.3184173 EPS for the current fiscal year.

About Fevertree Drinks

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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