Fevertree Drinks (LON:FEVR) Stock Crosses Above 50-Day Moving Average – Here’s Why

Fevertree Drinks PLC (LON:FEVR – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 801.36 and traded as high as GBX 850. Fevertree Drinks shares last traded at GBX 848, with a volume of 465,155 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on FEVR shares. Jefferies Financial Group boosted their price objective on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a “buy” rating in a report on Thursday. Berenberg Bank reiterated a “hold” rating and issued a GBX 780 target price on shares of Fevertree Drinks in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 920.

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Fevertree Drinks Stock Performance

The business has a 50-day moving average price of GBX 804.27 and a 200-day moving average price of GBX 834.45. The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of £964.85 million, a P/E ratio of 45.81, a PEG ratio of -4.51 and a beta of 1.12.

Fevertree Drinks Company Profile

(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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