The stock of Fevertree Drinks PLC (LON:FEVR) gapped up by GBX 29 today and has GBX 1507.00 target or 37.00% above today’s GBX 1100.00 share price. The 5 months technical chart setup indicates low risk for the GBX 1.27 billion company. The gap was reported on Nov, 8 by Barchart.com. If the GBX 1507.00 price target is reached, the company will be worth GBX 469.90 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 1.66% or GBX 18 on November 8, hitting GBX 1100. About 1.11M shares traded hands or 121.88% up from the average. Fevertree Drinks PLC (LON:FEVR) has risen 72.01% since April 11, 2016 and is uptrending. It has outperformed by 70.05% 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. Fevertree Drinks Plc has been the topic of 12 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Friday, March 18 the stock rating was maintained by Berenberg with “Hold”. The firm has “Buy” rating by Investec given on Monday, November 7. Berenberg maintained the stock with “Buy” rating in Monday, August 1 report. The stock of Fevertree Drinks PLC (LON:FEVR) has “Hold” rating given on Tuesday, April 19 by Berenberg. The stock has “Buy” rating given by Investec on Tuesday, January 19. The firm has “Hold” rating by Shore Capital given on Monday, January 25. The rating was maintained by Investec with “Buy” on Wednesday, November 4. As per Monday, March 14, the company rating was maintained by Investec. The firm has “Buy” rating by Investec given on Monday, July 27. The firm has “Buy” rating given on Tuesday, July 26 by Investec.
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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