Fevertree Drinks (LON:FEVR) Given Sector Perform Rating at Royal Bank of Canada

Fevertree Drinks (LON:FEVR - Get Free Report)'s stock had its "sector perform" rating restated by research analysts at Royal Bank of Canada in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 1,200 ($15.19) price target on the stock. Royal Bank of Canada's target price would indicate a potential upside of 9.39% from the stock's previous close.

Fevertree Drinks Stock Down 1.0 %

Shares of FEVR traded down GBX 11 ($0.14) during trading hours on Thursday, reaching GBX 1,097 ($13.88). The company's stock had a trading volume of 390,727 shares, compared to its average volume of 275,104. The company has a 50 day moving average of GBX 1,110.65 and a two-hundred day moving average of GBX 1,071.62. The company has a quick ratio of 3.21, a current ratio of 3.71 and a debt-to-equity ratio of 6.39. The firm has a market cap of £1.28 billion, a price-to-earnings ratio of 8,438.46, a P/E/G ratio of -4.51 and a beta of 1.09. Fevertree Drinks has a 1-year low of GBX 947 ($11.99) and a 1-year high of GBX 1,489 ($18.85).

Insiders Place Their Bets

In other news, insider Domenico De Lorenzo acquired 45,000 shares of the company's stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average price of GBX 974 ($12.33) per share, for a total transaction of £438,300 ($554,739.91). Insiders own 11.04% 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. The company offers Indian, Mediterranean, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; gingers; sodas; cola and lemonades; cocktails; and sparkling soft drinks.