Fever-Tree share price: what’s the latest ahead of its January trading update?

The premium producer of carbonated mixers will release a trading update next week, with analysts from HSBC and Liberum Capital reiterating their ‘buy’ ratings in January.

Fever-Tree is up more than 10% this week ahead of its trading update on January 21 (Tuesday), with the company reporting impressive sales growth over the last four years - a trend the drinks maker hopes to continue in its results next week.

In its last trading update in November, the drinks maker reported sales growth across all four operating regions and expects to record double-digit revenue growth in 2019.

‘We continue to see growth across all four regions,’ Fever-Tree CEO Tim Warrillow said. ‘Indeed, sales accelerated in our key growth markets of the US and Europe.’

‘Fever-Tree's progress in the US is particularly encouraging and the signing of a US bottling partner is a further step in building our operations in this exciting market,’ he added.

Fever-Tree is trading at £20.97 a share as of 15:50 GMT on Wednesday.

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Will Fever-Tree hit revenue targets?

Following a strong performance across all four regions, the company now expects to generate total revenue of between £266 million to £268 million, representing 12% - 13% growth, with margin forecasts unchanged.

Analysts had been forecasting sales of between £272 million to £275 million in 2019.

Investors will be eager to see if the company can meet expectations next week, with a strong set of results capable of sending its share price higher.

HSBC and Liberum Capital reiterate ‘buy’ rating

Analysts from HSBC and Liberum Capital reiterated their ‘buy’ rating for the stock in January ahead of the company’s latest trading update.

Both left their previous price targets for the stock unchanged, with HSBC and Liberum Capital issuing targets of £33 and £28.25 respectively.

Based on the stock trading at £20.97 the pair believe it has a potential upside of 34.7% and 57.4%.

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