Deutsche Bank Aktiengesellschaft Lowers Fevertree Drinks (LON:FEVR) Price Target to GBX 1,325

Fevertree Drinks (LON:FEVR) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 1,450 ($19.15) to GBX 1,325 ($17.50) in a report issued on Friday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Fevertree Drinks from GBX 2,720 ($35.93) to GBX 2,650 ($35.01) and set a neutral rating on the stock in a report on Thursday, July 18th. Jefferies Financial Group reduced their price objective on Fevertree Drinks from GBX 1,150 ($15.19) to GBX 1,000 ($13.21) and set a hold rating on the stock in a report on Monday, July 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Fevertree Drinks has an average rating of Hold and a consensus price target of GBX 1,511 ($19.96).

Fevertree Drinks Trading Up 1.2 %

Shares of LON FEVR opened at GBX 775.50 ($10.24) on Friday. 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 business’s 50 day moving average price is GBX 910.11 and its 200-day moving average price is GBX 1,042.89. Fevertree Drinks has a fifty-two week low of GBX 756.50 ($9.99) and a fifty-two week high of GBX 1,300 ($17.17). The company has a market cap of £905.32 million, a price-to-earnings ratio of 4,081.58, a PEG ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 5.85 ($0.08) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a yield of 0.68%. Fevertree Drinks’s payout ratio is currently 8,947.37%.

About Fevertree Drinks

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.