Royal Bank of Canada Cuts Fevertree Drinks (LON:FEVR) Price Target to GBX 3,400

Fevertree Drinks (LON:FEVR) had its price objective lowered by Royal Bank of Canada from GBX 3,800 ($49.65) to GBX 3,400 ($44.43) in a report released on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 53.50% from the stock’s previous close.

Several other research firms have also recently weighed in on FEVR. Deutsche Bank raised Elis from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Morgan Stanley cut their price objective on Fevertree Drinks from GBX 4,000 ($52.27) to GBX 3,400 ($44.43) and set an “overweight” rating on the stock in a research report on Friday, July 5th. Berenberg Bank lifted their price objective on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the company a “buy” rating in a research report on Tuesday, June 4th. Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Finally, HSBC set a $46.00 price objective on Aqua America and gave the company a “buy” rating in a research report on Friday, June 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 3,371.43 ($44.05).

Fevertree Drinks stock traded up GBX 25 ($0.33) during trading hours on Tuesday, hitting GBX 2,215 ($28.94). 782,546 shares of the stock traded hands, compared to its average volume of 460,543. The business’s 50-day moving average price is GBX 2,475.92. The company has a current ratio of 4.31, a quick ratio of 3.53 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $2.57 billion and a P/E ratio of 41.64. Fevertree Drinks has a one year low of GBX 2,106 ($27.52) and a one year high of GBX 4,120 ($53.84).

About Fevertree Drinks

Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company's products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, aromatic tonic water, Clementine tonic water, lemon tonic water, ginger beer, ginger ale, Madagascan cola, Sicilian lemonade, lemonade, and spring soda water.

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