Fevertree Drinks (LON:FEVR) Price Target Cut to GBX 1,325 by Analysts at Deutsche Bank Aktiengesellschaft

Fevertree Drinks (LON:FEVR) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 1,450 ($18.96) to GBX 1,325 ($17.33) in a research note released on Friday, Digital Look reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Jefferies Financial Group dropped their price target on Fevertree Drinks from GBX 1,150 ($15.04) to GBX 1,000 ($13.08) and set a hold rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced 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 report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Fevertree Drinks currently has an average rating of Hold and a consensus price target of GBX 1,511 ($19.76).

Fevertree Drinks Stock Performance

Shares of Fevertree Drinks stock traded up GBX 9 ($0.12) on Friday, hitting 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 market cap of £905.32 million, a price-to-earnings ratio of 4,081.58, a P/E/G ratio of -4.51 and a beta of 1.07. Fevertree Drinks has a 52-week low of GBX 756.50 ($9.89) and a 52-week high of GBX 1,300 ($17.00). The company’s 50 day moving average price is GBX 915.72 and its 200 day moving average price is GBX 1,045.56. The company has a current ratio of 3.71, a quick ratio of 3.21 and a debt-to-equity ratio of 6.39.

Fevertree Drinks Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a GBX 5.85 ($0.08) dividend. This represents a yield of 0.68%. The ex-dividend date is Thursday, September 26th. Fevertree Drinks’s dividend payout ratio is currently 8,947.37%.

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.