Fevertree Drinks PLC (LON:FEVR) was downgraded by Royal Bank Of Canada to a “sector performer” rating in a research report issued on Thursday. They currently have a GBX 2,000 ($26.39) price objective on the stock, down from their previous price objective of GBX 2,400 ($31.67). Royal Bank Of Canada’s price target indicates a potential downside of 5.70% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Whitman Howard raised their price target on Fevertree Drinks PLC from GBX 1,700 ($22.43) to GBX 2,100 ($27.71) and gave the company a “hold” rating in a report on Friday, July 28th. Shore Capital restated a “hold” rating on shares of Fevertree Drinks PLC in a report on Friday, July 28th. Finally, Berenberg Bank raised their price target on Fevertree Drinks PLC from GBX 1,850 ($24.41) to GBX 2,400 ($31.67) and gave the company a “buy” rating in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 2,043.75 ($26.97).
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About Fevertree Drinks PLC
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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