Fevertree Drinks (LON:FEVR) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fevertree Drinks (LON:FEVR) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a GBX 1,600 ($20.10) price target on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 44.14% from the stock’s previous close.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,200 ($15.07) price target on shares of Fevertree Drinks in a research note on Thursday, April 11th.

Fevertree Drinks Price Performance

Shares of FEVR stock opened at GBX 1,110 ($13.94) on Tuesday. Fevertree Drinks has a fifty-two week low of GBX 947 ($11.90) and a fifty-two week high of GBX 1,489 ($18.70). The firm has a market capitalization of £1.30 billion, a price-to-earnings ratio of 8,538.46, a PEG ratio of -4.51 and a beta of 1.09. 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 stock’s 50-day simple moving average is GBX 1,127.78 and its 200-day simple moving average is GBX 1,069.40.

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. The company offers Indian, Mediterranean, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; gingers; sodas; cola and lemonades; cocktails; and sparkling soft drinks.