Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Fevertree Drinks (LON:FEVR) Stock

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 upped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 800 to GBX 840 in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential downside of 8.40% from the company's current price.

A number of other research firms have also recently weighed in on FEVR. Jefferies Financial Group restated a "hold" rating and issued a GBX 900 price target on shares of Fevertree Drinks in a report on Friday, September 12th. JPMorgan Chase & Co. increased their target price on Fevertree Drinks from GBX 770 to GBX 850 and gave the company a "neutral" rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 863.33.

Fevertree Drinks Price Performance

Shares of FEVR traded up GBX 33 on Thursday, reaching GBX 917. The stock had a trading volume of 6,955,633 shares, compared to its average volume of 619,235. The firm has a market capitalization of £1.09 billion, a PE ratio of 4,398.08, a PEG ratio of -4.51 and a beta of 1.07. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average of GBX 891.98 and a 200 day moving average of GBX 846.83. Fevertree Drinks has a twelve month low of GBX 608.50 and a twelve month high of GBX 1,020.

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%. Sell-side analysts expect that Fevertree Drinks will post 38.3184173 EPS for the current year.

Insider Buying and Selling at Fevertree Drinks

In other Fevertree Drinks news, insider Kevin Havelock purchased 37,000 shares of Fevertree Drinks stock in a transaction on Thursday, September 11th. The shares were bought at an average price of GBX 846 per share, with a total value of £313,020. 12.57% of the stock is currently owned by corporate insiders.

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.