Fevertree Drinks (LON:FEVR) PT Raised to GBX 1,500 at Royal Bank of Canada

Fevertree Drinks (LON:FEVR – Get Rating) had its price objective lifted by Royal Bank of Canada from GBX 1,000 ($12.44) to GBX 1,500 ($18.66) in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 1,200 ($14.93) price target on shares of Fevertree Drinks in a report on Friday, March 24th. Barclays reiterated an equal weight rating and set a GBX 1,040 ($12.94) price target on shares of Fevertree Drinks in a report on Monday, February 6th. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 1,000 ($12.44) price target on shares of Fevertree Drinks in a report on Wednesday, March 22nd. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of GBX 1,110.71 ($13.81).

Fevertree Drinks Stock Down 0.3 %

Shares of FEVR opened at GBX 1,419 ($17.65) on Thursday. Fevertree Drinks has a one year low of GBX 804.50 ($10.01) and a one year high of GBX 1,654 ($20.57). The company has a market cap of £1.65 billion, a P/E ratio of 6,776.19, a P/E/G ratio of -4.51 and a beta of 1.20. The company has a debt-to-equity ratio of 7.07, a current ratio of 4.00 and a quick ratio of 3.21. The firm has a 50 day simple moving average of GBX 1,316.70 and a two-hundred day simple moving average of GBX 1,164.53.

Fevertree Drinks Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 2nd. Investors of record on Thursday, April 20th will be issued a GBX 10.68 ($0.13) dividend. This represents a yield of 0.99%. This is an increase from Fevertree Drinks’s previous dividend of $5.63. The ex-dividend date is Thursday, April 20th. Fevertree Drinks’s dividend payout ratio is presently 7,619.05%.

About Fevertree Drinks

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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, Clementine tonic water, ginger beer, ginger ale, and cola distillers.