Fevertree Drinks (LON:FEVR) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Fevertree Drinks PLC (LON:FEVR – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 805.52 and traded as low as GBX 797.50. Fevertree Drinks shares last traded at GBX 821.50, with a volume of 10,407,566 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 780 price objective on shares of Fevertree Drinks in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fevertree Drinks from GBX 840 to GBX 900 and gave the company a “hold” rating in a report on Wednesday, March 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,080 target price on shares of Fevertree Drinks in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 915.

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Fevertree Drinks Price Performance

The company has a market capitalization of £936.03 million, a PE ratio of 44.12, a P/E/G ratio of -4.51 and a beta of 1.12. The company has a current ratio of 3.57, a quick ratio of 3.21 and a debt-to-equity ratio of 1.70. The firm has a 50 day simple moving average of GBX 805.52 and a two-hundred day simple moving average of GBX 835.41.

Fevertree Drinks (LON:FEVR – Get Free Report) last released its quarterly earnings results on Tuesday, March 24th. The company reported GBX 18.78 EPS for the quarter. Fevertree Drinks had a return on equity of 9.32% and a net margin of 6.95%. Research analysts expect that Fevertree Drinks PLC will post 38.3184173 EPS for the current year.

About Fevertree Drinks

(Get Free Report)

Fevertree Drinks PLC, together with its subsidiaries, engages in the development and sale of premium mixer drinks in the United Kingdom, the United States, rest of Europe, and internationally. It offers Indian, Mediterranean, summer garden, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; pink grapefruit, soda water, raspberry and orange blossom, Mexican lime, Italian blood orange, white grape and apricot sodas; Silician, premium, and Madagascan cola and lemonades; British apple with garden mint, ginger, Sicilian lemonade, sparkling Mexican lime, Italian white grape and apricot, and light raspberry and rose lemonade softdrinks; and gingers.

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