Fevertree Drinks (LON:FEVR)‘s stock had its “overweight” rating restated by equities researchers at Morgan Stanley in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 4,000 ($52.27) price objective on the stock. Morgan Stanley’s price objective indicates a potential upside of 63.93% from the stock’s current price.
A number of other brokerages have also recently issued reports on FEVR. Berenberg Bank reissued a “buy” rating and set a GBX 3,900 ($50.96) price objective on shares of Fevertree Drinks in a report on Tuesday, April 2nd. Royal Bank of Canada increased their price objective on Fevertree Drinks from GBX 3,400 ($44.43) to GBX 3,500 ($45.73) and gave the stock an “outperform” rating in a report on Thursday, March 28th. Deutsche Bank reissued a “hold” rating on shares of Fevertree Drinks in a report on Tuesday, May 7th. Shore Capital reissued an “under review” rating on shares of Fevertree Drinks in a report on Tuesday, March 26th. Finally, Jefferies Financial Group cut Fevertree Drinks to a “hold” rating and dropped their price objective for the stock from GBX 4,300 ($56.19) to GBX 3,100 ($40.51) in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 3,514.29 ($45.92).
FEVR traded down GBX 128 ($1.67) during trading on Thursday, reaching GBX 2,440 ($31.88). 737,148 shares of the company were exchanged, compared to its average volume of 460,543. The stock has a market capitalization of $2.85 billion and a price-to-earnings ratio of 45.86. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.53 and a current ratio of 4.31. Fevertree Drinks has a 12-month low of GBX 2,106 ($27.52) and a 12-month high of GBX 4,120 ($53.84).
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.
Read More: What is the Russell 2000 Index?
Receive News & Ratings for Fevertree Drinks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fevertree Drinks and related companies with MarketBeat.com's FREE daily email newsletter.