Fevertree Drinks (OTCMKTS:FQVTF) Shares Up 5.3%

Fevertree Drinks PLC (OTCMKTS:FQVTFGet Rating) shot up 5.3% during mid-day trading on Tuesday . The company traded as high as $20.00 and last traded at $20.00. 300 shares changed hands during trading, a decline of 82% from the average session volume of 1,627 shares. The stock had previously closed at $19.00.

A number of brokerages have issued reports on FQVTF. Deutsche Bank Aktiengesellschaft decreased their price target on Fevertree Drinks from GBX 3,500 ($43.15) to GBX 3,350 ($41.30) in a research note on Thursday, March 17th. Liberum Capital upgraded Fevertree Drinks from a “hold” rating to a “buy” rating in a research report on Thursday, March 17th. Morgan Stanley cut their price objective on Fevertree Drinks from GBX 2,200 ($27.12) to GBX 2,000 ($24.65) in a research report on Friday, April 1st. Barclays cut their price objective on Fevertree Drinks from GBX 3,200 ($39.45) to GBX 3,030 ($37.35) in a research report on Thursday, March 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $1,600.00 price objective on shares of Fevertree Drinks in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2,217.14.

The stock has a fifty day moving average price of $22.27 and a 200-day moving average price of $28.86.

About Fevertree Drinks (OTCMKTS:FQVTF)

Fevertree Drinks Plc, together with its subsidiaries, develops and supplies premium mixer drinks in the United Kingdom, the United States, Europe, and internationally. The company's products include Indian tonic water, Mediterranean tonic water, elderflower tonic water, Clementine tonic water, ginger beer, ginger ale, and cola distillers.

Further Reading

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