Fevertree Drinks PLC (LON:FEVR) Plans Dividend of GBX 5.85

Fevertree Drinks PLC (LON:FEVR) declared a dividend on Thursday, September 12th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 5.85 ($0.08) per share on Friday, October 18th. This represents a dividend yield of 0.68%. The ex-dividend date is Thursday, September 26th. The official announcement can be accessed at this link.

Fevertree Drinks Trading Up 2.4 %

FEVR stock opened at GBX 799.50 ($10.71) on Wednesday. Fevertree Drinks has a 52 week low of GBX 754 ($10.10) and a 52 week high of GBX 1,250 ($16.74). The company has a market cap of £933.34 million, a price-to-earnings ratio of 4,179.21, a PEG ratio of -4.51 and a beta of 1.07. The company has a quick ratio of 3.21, a current ratio of 3.71 and a debt-to-equity ratio of 6.39. The business has a fifty day simple moving average of GBX 883 and a 200-day simple moving average of GBX 1,026.41.

Wall Street Analysts Forecast Growth

FEVR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Fevertree Drinks from GBX 1,450 ($19.42) to GBX 1,325 ($17.74) and set a “buy” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group cut their price target on shares of Fevertree Drinks from GBX 1,150 ($15.40) to GBX 1,000 ($13.39) and set a “hold” rating on the stock in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Fevertree Drinks from GBX 2,720 ($36.42) to GBX 2,650 ($35.48) and set a “neutral” rating for the company in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,511 ($20.23).

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.