JPMorgan Chase & Co. Increases Fevertree Drinks (LON:FEVR) Price Target to GBX 850

Key Points

• JPMorgan Chase & Co. has increased the price target for Fevertree Drinks from GBX 770 to GBX 850, indicating a potential downside of 4.39% from the current price.
• Fevertree Drinks reported an EPS of GBX 6.85 for the latest quarter with a return on equity of 9.30% and a net margin of 6.05%.
• The company has a market capitalization of £1.05 billion and operates in the premium mixer drinks sector across various regions including the UK and the US.

Fevertree Drinks (LON:FEVR - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from GBX 770 to GBX 850 in a report released on Friday,Digital Look reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 4.39% from the company's current price.

Fevertree Drinks Price Performance

Shares of FEVR stock opened at GBX 889 on Friday. The stock's fifty day simple moving average is GBX 893.09 and its 200 day simple moving average is GBX 841.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.11 and a quick ratio of 3.21. The firm has a market cap of £1.05 billion, a price-to-earnings ratio of 4,263.79, a P/E/G ratio of -4.51 and a beta of 1.07. Fevertree Drinks has a one year low of GBX 608.50 and a one year high of GBX 1,020.

Fevertree Drinks (LON:FEVR - Get Free Report) last announced 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%. On average, analysts expect that Fevertree Drinks will post 38.3184173 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.