Thanks phil |
Barclays cuts Fevertree Drinks target to 1,270 (1,300) pence - 'equal weight' |
 Fever-Tree can fizz again, says Deutsche Bank
Premium mixer business Fever-Tree (FEVR) is trading at an ‘attractive valuation’ despite the challenging backdrop, says Deutsche Bank.
Analyst Deirdre Mullaney retained her ‘buy’ recommendation but reduced the target price from £16 to £14.50 on the stock, which rose 2% to 913p on Monday after a full-year preview. The shares have tumbled 9% year-to-date.
Despite the downbeat sentiment towards the business, Mullaney said that she ‘continues to believe Fever-Tree is well positioned to capitalise on the long-term premium mixer opportunity given its strong brand equity and large white space opportunity overseas’.
Falling costs, new supply agreements and supply chain improvements will allow ‘strong margin recovery than consensus expects in outer years’.
However, Mullaney said that near-term the ‘stock will struggle given the challenging market backdrop’, leading her to revise down full-year 2024 and 2025 expectations that reflect a ‘negative weather impact over the summer and weak global spirits market’.
The shares trade on 23.1 times price to earnings for 2025 which Mullaney said ‘is an attractive valuation given the long-term growth potential’.
Citywire.com |
This one is strangely overpriced. Premium drinks when the average guy is cutting expenses seems not a huge growing market to me. Also, the increase in receivables is concerning and might cause issues down the line.On the other side, great tonic water. Great Brand for drinks, not to invest in ( at the moment) |
DGE not helping? |
Jefferies cuts Fevertree price target to 1,000 (1,150) pence - 'hold' |
US recession looming, FEVR might have a few issues going forward.. |
Probably because Trump said he would ban taxing tips for bar staff. |
Wow it's true! Not sponsorship per se, but still happy to be known as a partner! |
Seems that Fevertree is trending as they have sponsored the Republican Party Convention along with Starbucks. The liberal left saying they will switch mixers!!"Among the many questions this raises, why *is* a London-based drinks mixer company co-sponsoring the Republican National Convention?@FeverTreeMixers" |
What's prompted this fall today? Broker downgrade? |
Thanks guys. well who knows what could happen here |
Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal.
Shares of Carlsberg were down by 8.7% at 09:04 a.m. London time, according to LSEG data. This is the company’s largest single-day share drop since March 12, 2020, when stock fell 8.77%.
Britvic surged by 12.5% on the back of the same news.
This breaking news story is being updated... |
https://www.cityam.com/robinsons-squash-maker-britvic-rejects-3bn-takeover-bid-from-carlsberg/ |
How about Fevertree joining up with these guys?! |
The U.K. summer so far is not helping. |
Need to see some growth in ROW including Australia. Got the in laws coming over next weekend and have just got some ginger ales, raspberry lemonade and Italian blood orange soda in from the Fever-Tree range. Also spoke to someone else at the supermarket till and she says the FEVR drinks are great |
Sounds good, my average is 2489, divis included but holding for the same reasons! Good luck! |
I first bought FEVR in 2014 and have increased every year in the 10 years since. Trimmed a few times and my net cost is about half the current price. Divis ignored.
My current focus is entirely on the US where they employed americans to manage the company, rather than running it from the UK.
As a result they are rolling out steadily and sensibly through States as if they are different countries, creating appropriate mixers and linking with spirits companies.
They are doing better at surviving the difficult markets in consumer products than a lot of companies with different products and the brand is difficult to attack.
Brands have marketing value that is not represented in the balance sheet but shouldn't be ignored.
It's my second biggest holding so I won't be increasing, but I think now is a good entry opportunity. Negative broker comments and a difficult world is the right time to buy solid companies with a lead over the opposition. Especially when they are moving through a country much richer than the ROW.
apad |
I'm a long term holder, tiger castlesford |
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