Shares of Fevertree Drinks PLC (LON:FEVR – Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 827.84 and traded as high as GBX 880. Fevertree Drinks shares last traded at GBX 856.50, with a volume of 153,560 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Berenberg Bank restated a “hold” rating and set a GBX 780 target price on shares of Fevertree Drinks in a research report on Tuesday, June 16th. Jefferies Financial Group boosted their price target on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 920.
Read Our Latest Stock Report on Fevertree Drinks
Fevertree Drinks Stock Performance
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.
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