Jefferies Financial Group Forecasts Strong Price Appreciation for Fevertree Drinks (LON:FEVR) Stock

Fevertree Drinks (LON:FEVR) had its target price hoisted by analysts at Jefferies Financial Group from GBX 1,080 to GBX 1,100 in a report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 27.13% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 780 target price on shares of Fevertree Drinks in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 920.

Fevertree Drinks Stock Performance

Shares of Fevertree Drinks stock opened at GBX 865.27 on Thursday. The firm has a market cap of £978.72 million, a PE ratio of 46.47, a price-to-earnings-growth ratio of -4.51 and a beta of 1.12. The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70. Fevertree Drinks has a 52 week low of GBX 711 and a 52 week high of GBX 980. The business’s fifty day simple moving average is GBX 802.85 and its 200-day simple moving average is GBX 834.28.

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.