Fevertree Drinks (LON:FEVR) Shares Up 12.7% After Analyst Upgrade

Key Points

• Fevertree Drinks PLC's share price increased by 12.7% on Thursday, reaching GBX 873.18 ($11.82), with trading volume surging by 925% compared to the average.
• The company recently announced quarterly earnings of GBX 6.85 per share, with analysts forecasting an EPS of 38.32 for the current year.
• Fevertree Drinks operates in the premium mixer drinks sector both in the UK and internationally, offering a variety of tonic waters and soft drinks.

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s share price rose 12.7% during trading on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 800 to GBX 840. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Fevertree Drinks traded as high as GBX 873.18 ($11.92) and last traded at GBX 873.18 ($11.92). Approximately 6,241,090 shares were traded during trading, an increase of 925% from the average daily volume of 608,808 shares. The stock had previously closed at GBX 775 ($10.58).

Several other research firms have also recently commented on FEVR. JPMorgan Chase & Co. boosted their price target on shares of Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a "neutral" rating in a report on Friday. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 900 price objective on shares of Fevertree Drinks in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 863.33.

Insider Buying and Selling

In related news, insider Kevin Havelock acquired 37,000 shares of the business's 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 owned by corporate insiders.

Fevertree Drinks Trading Down 3.4%

The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 4,239.81, a PEG ratio of -4.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.21 and a current ratio of 4.11. The business has a 50-day moving average of GBX 891.98 and a 200-day moving average of GBX 846.83.

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