Fevertree Drinks PLC (LON:FEVR) insider William (Bill) Ronald sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of GBX 2,083 ($27.48), for a total transaction of £1,041,500 ($1,373,829.31).
Shares of Fevertree Drinks PLC (FEVR) traded up 3.43% during trading on Friday, hitting GBX 2263.00. 318,324 shares of the company traded hands. The company has a 50 day moving average price of GBX 1,780.97 and a 200 day moving average price of GBX 1,571.31. Fevertree Drinks PLC has a 52 week low of GBX 714.50 and a 52 week high of GBX 2,263.00. The company’s market capitalization is GBX 2.61 billion.
The business also recently announced a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be given a GBX 3.01 ($0.04) dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 0.15%.
Several analysts have weighed in on FEVR shares. Shore Capital reissued a “hold” rating on shares of Fevertree Drinks PLC in a research note on Friday, July 28th. Whitman Howard boosted their price target on shares of Fevertree Drinks PLC from GBX 1,700 ($22.42) to GBX 2,100 ($27.70) and gave the stock a “hold” rating in a research note on Friday, July 28th. Berenberg Bank boosted their price target on shares of Fevertree Drinks PLC from GBX 1,850 ($24.40) to GBX 2,400 ($31.66) and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of Fevertree Drinks PLC from GBX 1,950 ($25.72) to GBX 2,400 ($31.66) and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 2,143.75 ($28.28).
About Fevertree Drinks PLC
Fevertree Drinks plc is a United Kingdom-based holding and investment company. The Company is a developer and supplier of premium mixer drinks. The Company’s premium mixers consist of a range of all natural carbonated mixers, including Tonics, Ginger Ale, Ginger Beer, Bitter Lemon and Lemonades. The Company sells a range of products under the Fever-Tree brand, which include Indian Tonic Water, Naturally Light Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Ginger Ale, Ginger Beer, Naturally Light Ginger Beer, Bitter Lemon, Sicilian Lemonade, Lemonade, Spring Soda Water and Premium Cola.
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