Does Fevertree Drinks PLC Have More Gas After Reaching 52-Week High?

 Does Fevertree Drinks PLC Have More Gas After Reaching 52 Week High?

The stock of Fevertree Drinks PLC (LON:FEVR) hit a new 52-week high and has GBX 1672.00 target or 52.00% above today’s GBX 1100.00 share price. The 9 months bullish chart indicates low risk for the GBX 1.27B company. The 1-year high was reported on Nov, 8 by If the GBX 1672.00 price target is reached, the company will be worth GBX 660.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.66% or GBX 18 on November 8, hitting GBX 1100. About 1.09 million shares traded hands or 117.88% up from the average. Fevertree Drinks PLC (LON:FEVR) has risen 63.57% since April 8, 2016 and is uptrending. It has outperformed by 61.61% the S&P500.

Fevertree Drinks PLC (LON:FEVR) Ratings Coverage

Out of 3 analysts covering Fevertree Drinks Plc (LON:FEVR), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. GBX 1140 is the highest target while GBX 395 is the lowest. The GBX 1060 average target is -3.64% below today’s (GBX 1100) stock price. Fevertree Drinks Plc has been the topic of 12 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Monday, January 25, the company rating was maintained by Shore Capital. Investec maintained it with “Buy” rating and GBX 740 target price in Monday, March 14 report. The firm has “Buy” rating given on Tuesday, July 26 by Investec. Investec maintained Fevertree Drinks PLC (LON:FEVR) rating on Wednesday, November 4. Investec has “Buy” rating and GBX 472 price target. The company was maintained on Monday, August 1 by Berenberg. As per Monday, July 27, the company rating was maintained by Investec. Berenberg maintained Fevertree Drinks PLC (LON:FEVR) rating on Friday, March 18. Berenberg has “Hold” rating and GBX 600 price target. The stock has “Buy” rating given by Investec on Tuesday, January 19. On Monday, January 25 the stock rating was maintained by Investec with “Buy”. The firm has “Hold” rating by Berenberg given on Tuesday, April 19.

More notable recent Fevertree Drinks PLC (LON:FEVR) news were published by: Fool.Co.Uk which released: “Can Fevertree Drinks plc Beat Royal Dutch Shell Plc In 2016?” on December 09, 2015, also Fool.Co.Uk with their article: “Why I’d buy Diageo plc instead of Fevertree Drinks plc after today’s update” published on September 21, 2016, Fool.Co.Uk published: “Is It Too Late To Buy 2015 Winners Fevertree Drinks PLC (+205%), AFC Energy …” on November 10, 2015. More interesting news about Fevertree Drinks PLC (LON:FEVR) were released by: Fool.Co.Uk and their article: “Why I would buy growth stars Patisserie Holdings plc and Fevertree Drinks plc …” published on May 20, 2016 as well as Fool.Co.Uk‘s news article titled: “Why are Fevertree Drinks plc, Mothercare plc and Hochschild Mining plc today’s …” with publication date: May 19, 2016.

Fevertree Drinks plc is a United Kingdom holding and investment company. The company has a market cap of 1.27 billion GBP. The Firm is a developer and supplier of premium mixer drinks. It has a 72.57 P/E ratio. 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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