Deutsche Bank Aktiengesellschaft Cuts Fevertree Drinks (LON:FEVR) Price Target to GBX 870

Fevertree Drinks (LON:FEVR) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 900 to GBX 870 in a research note published on Tuesday morning,Digital Look reports. The firm currently has a hold rating on the stock.

A number of other research firms also recently commented on FEVR. Berenberg Bank restated a “hold” rating and set a GBX 780 price objective on shares of Fevertree Drinks in a report on Monday, September 14th. Jefferies Financial Group lifted their target price on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fevertree Drinks has an average rating of “Hold” and a consensus price target of GBX 912.50.

Fevertree Drinks Price Performance

Fevertree Drinks stock opened at GBX 845 on Tuesday. Fevertree Drinks has a 1 year low of GBX 711 and a 1 year high of GBX 973. The firm has a 50 day moving average price of GBX 841.09 and a 200 day moving average price of GBX 816.68. The company has a market cap of £916.35 million, a price-to-earnings ratio of 39.78, a PEG ratio of -4.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.89, a quick ratio of 3.21 and a current ratio of 3.16.

Fevertree Drinks (LON:FEVR) last posted its quarterly earnings results on Thursday, September 10th. The company reported GBX 9.50 earnings per share for the quarter. Fevertree Drinks had a net margin of 7.29% and a return on equity of 11.88%. Sell-side analysts predict that Fevertree Drinks will post 38.3184173 earnings per share for the current year.

Insider Buying and Selling

In other Fevertree Drinks news, insider Domenico De Lorenzo purchased 44,674 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were purchased at an average price of GBX 780 per share, for a total transaction of £348,457.20. Insiders own 13.13% of the company’s stock.

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.