Deutsche Bank Aktiengesellschaft Lowers Fevertree Drinks (LON:FEVR) Price Target to GBX 1,325

Fevertree Drinks (LON:FEVR) had its price target dropped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,450 ($18.96) to GBX 1,325 ($17.33) in a research note issued on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 70.86% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Fevertree Drinks from GBX 1,150 ($15.04) to GBX 1,000 ($13.08) and set a “hold” rating on the stock in a report on Monday, July 29th. JPMorgan Chase & Co. lowered their target price on Fevertree Drinks from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a “neutral” rating on the stock in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Fevertree Drinks currently has a consensus rating of “Hold” and an average target price of GBX 1,511 ($19.76).

Fevertree Drinks Price Performance

Shares of LON FEVR traded up GBX 9 ($0.12) during midday trading on Friday, reaching GBX 775.50 ($10.14). The stock had a trading volume of 249,075 shares, compared to its average volume of 276,315. The stock has a 50-day moving average of GBX 915.72 and a 200-day moving average of GBX 1,045.56. The company has a debt-to-equity ratio of 6.39, a quick ratio of 3.21 and a current ratio of 3.71. Fevertree Drinks has a 12-month low of GBX 756.50 ($9.89) and a 12-month high of GBX 1,300 ($17.00). The company has a market capitalization of £905.32 million, a price-to-earnings ratio of 4,081.58, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07.

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. 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.