Shares of Fevertree Drinks PLC (LON:FEVR – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as GBX 751 ($9.81) and last traded at GBX 755.50 ($9.87), with a volume of 1025766 shares traded. The stock had previously closed at GBX 756.50 ($9.88).
Analyst Upgrades and Downgrades
Several analysts recently weighed in on FEVR shares. Jefferies Financial Group reduced their target price on shares of Fevertree Drinks from GBX 1,150 ($15.02) to GBX 1,000 ($13.06) and set a “hold” rating on the stock in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fevertree Drinks from GBX 1,450 ($18.93) to GBX 1,325 ($17.30) and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. dropped their target price on Fevertree Drinks from GBX 2,720 ($35.52) to GBX 2,650 ($34.60) and set a “neutral” rating on the stock in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,511 ($19.73).
View Our Latest Report on Fevertree Drinks
Fevertree Drinks Trading Up 0.2 %
Fevertree Drinks Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be issued a GBX 5.85 ($0.08) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, September 26th. Fevertree Drinks’s 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.
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