Fevertree Drinks PLC (LON:FEVR – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 828.50 ($10.89) and last traded at GBX 831.06 ($10.93), with a volume of 87340 shares. The stock had previously closed at GBX 856 ($11.26).
Wall Street Analyst Weigh In
FEVR has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Fevertree Drinks from GBX 2,720 ($35.77) to GBX 2,650 ($34.85) and set a “neutral” rating for the company in a research report on Thursday, July 18th. Jefferies Financial Group decreased their price target on Fevertree Drinks from GBX 1,150 ($15.12) to GBX 1,000 ($13.15) and set a “hold” rating on the stock in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Fevertree Drinks presently has an average rating of “Hold” and a consensus target price of GBX 1,566 ($20.59).
Check Out Our Latest Stock Analysis on Fevertree Drinks
Fevertree Drinks Stock Performance
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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