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Deutsche Bank Reaffirms Their Buy Rating on Fevertree Drinks (FQVTF)

In a report released today, Mitch Collett from Deutsche Bank reiterated a Buy rating on Fevertree Drinks (FQVTFResearch Report). The company’s shares closed last Thursday at $31.08.

According to TipRanks.com, Collett is ranked #3568 out of 7780 analysts.

Currently, the analyst consensus on Fevertree Drinks is a Moderate Buy with an average price target of $33.72, which is a 13.5% upside from current levels. In a report issued on February 1, Berenberg Bank also maintained a Buy rating on the stock with a p2600.00 price target.

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Fevertree Drinks’ market cap is currently $3.42B and has a P/E ratio of 57.71.

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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.

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