Fevertree Drinks PLC (LON:FEVR) Announces Dividend of GBX 3.01

Paterniano Del Favero
Luglio 27, 2017

Fevertree Drinks PLC has a one year low of GBX 804.76 and a one year high of GBX 2,217.00.

The stock soared as much as 11 percent to a record 1,935 pence in London, the steepest intraday gain in nine months.

A number of other analysts have also recently weighed in on the company.

Fevertree, with a market value of 2.2 billion pounds, has been mentioned by Shore Capital analyst Phil Carroll as a potential takeover target for distillers such as Pernod Ricard SA and Bacardi Ltd. 2,575,690 shares of the company's stock traded hands.

The drinks maker has expanded distribution of its smaller-can format to drive incremental growth at United Kingdom retail outlets. Finally, Berenberg Bank lifted their price objective on shares of Fevertree Drinks PLC from GBX 1,450 ($18.89) to GBX 1,700 ($22.15) and gave the stock a "buy" rating in a research note on Thursday, April 20th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 1,950 ($25.40) price objective on shares of Fevertree Drinks PLC in a research note on Friday, July 7th. The company has a 50 day moving average of GBX 1,703.56 and a 200-day moving average of GBX 1,510.73.

Whitman Howard reiterated their hold rating on shares of Fevertree Drinks PLC (LON:FEVR) in a report released on Thursday morning. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus price target of GBX 1,868.75 ($24.35).

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In related news, insider William (Bill) Ronald sold 50,000 shares of Fevertree Drinks PLC stock in a transaction that occurred on Tuesday, July 25th. The Company's premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades.

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