Fevertree Drinks (LON:FEVR) PT Lowered to GBX 1,325 at Deutsche Bank Aktiengesellschaft

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

A number of other brokerages also recently commented on FEVR. Jefferies Financial Group decreased 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. dropped their price objective on Fevertree Drinks from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a neutral rating for the company in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of GBX 1,511 ($19.76).

Fevertree Drinks Trading Up 1.2 %

Shares of FEVR stock traded up GBX 9 ($0.12) during mid-day trading on Friday, hitting GBX 775.50 ($10.14). The company’s stock had a trading volume of 249,075 shares, compared to its average volume of 276,315. 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 has a debt-to-equity ratio of 6.39, a quick ratio of 3.21 and a current ratio of 3.71. The company’s fifty day simple moving average is GBX 915.72 and its 200-day simple moving average is GBX 1,045.56. The company has a market cap of £905.32 million, a PE ratio of 4,081.58, a P/E/G ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 5.85 ($0.08) per share. This represents a yield of 0.68%. The ex-dividend date of this dividend is Thursday, September 26th. Fevertree Drinks’s dividend payout ratio (DPR) 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.