RE: 5. In a row30 Mar 2021 15:38
A Downgrade today from RBC to 2000, an upgrade last week from Barclays to 2500, an upgrade from Numis to 2800 a few days ago.
The annual profit slump of 29% related to Covid closures is the key number here for any downgrade.
Fevertree itself says it expects to increase revenue in 2021 by 12% to 16% and raised its dividend accordingly.
Yes could touch 2000, but I still expect a strong performance over the year and expect 2500 and 2800 to be hit too.
Buy on any dip would be my advice.
GLTA