Fevertree Drinks (LON:FEVR) Rating Increased to Buy at Jefferies Financial Group

Key Points

• Fevertree Drinks has been upgraded to a "buy" rating by Jefferies Financial Group, with a new price target of GBX 1,100, suggesting a potential upside of 33.33% from the current price.
• Other brokerages, including Deutsche Bank and JPMorgan Chase, have also recently increased their target prices for Fevertree Drinks, reflecting a growing confidence in the stock.
• Insider Kevin Havelock purchased 37,000 shares at GBX 846 each, indicating significant insider confidence in the company's future prospects.

Fevertree Drinks (LON:FEVR - Get Free Report) was upgraded by Jefferies Financial Group to a "buy" rating in a research report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a GBX 1,100 price target on the stock, up from their prior price target of GBX 900. Jefferies Financial Group's target price suggests a potential upside of 33.33% from the company's current price.

A number of other brokerages have also issued reports on FEVR. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the company a "buy" rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a "neutral" rating in a research report on Friday, September 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Fevertree Drinks presently has an average rating of "Moderate Buy" and a consensus target price of GBX 930.

Fevertree Drinks Stock Up 4.8%

FEVR stock opened at GBX 825 on Tuesday. The stock has a market capitalization of £966.62 million, a P/E ratio of 3,895.18, a PEG ratio of -4.51 and a beta of 1.07. The company has a 50 day moving average price of GBX 863.70 and a two-hundred day moving average price of GBX 862.99. Fevertree Drinks has a one year low of GBX 608.50 and a one year high of GBX 1,020. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.21 and a current ratio of 4.11.

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

Insider Transactions at Fevertree Drinks

In other news, insider Kevin Havelock bought 37,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were acquired at an average cost of GBX 846 per share, for a total transaction of £313,020. Insiders own 12.57% of the company's stock.

Fevertree Drinks Company Profile

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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