Deutsche Bank Issues a Hold Rating on Fevertree Drinks (FQVTF)

Deutsche Bank analyst Mitch Collett assigned a Hold rating to Fevertree Drinks (FQVTFResearch Report) yesterday and set a price target of p2250.00. The company’s shares closed last Wednesday at $31.00.

According to TipRanks.com, Collett is ranked #3272 out of 7602 analysts.

Fevertree Drinks has an analyst consensus of Hold, with a price target consensus of $29.70, representing a -4.2% downside. In a report issued on July 8, Morgan Stanley also maintained a Hold rating on the stock with a £23.50 price target.

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The company has a one-year high of $38.63 and a one-year low of $26.50. Currently, Fevertree Drinks has an average volume of 1,616.

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Fevertree Drinks Plc manufactures and supplies premium carbonated mixes. It sells carbonated mixers to hotels, restaurants, bars and cafes as well as supermarkets and off-licenses for retail purchase. The company was founded by Charles Timothy Rolls and Timothy Daniel Gray Warrillow in 2004 and is headquartered in London, The United Kingdom.