Fevertree Drinks PLC (LON:FEVR – Get Free Report)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 842.08 and traded as high as GBX 906.25. Fevertree Drinks shares last traded at GBX 868.50, with a volume of 2,927,922 shares trading hands.
Analyst Upgrades and Downgrades
FEVR has been the subject of a number of research reports. Berenberg Bank restated a “hold” rating and issued a GBX 780 price target on shares of Fevertree Drinks in a report on Monday, September 14th. Jefferies Financial Group lifted their price target on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fevertree Drinks from GBX 900 to GBX 870 and set a “hold” rating on the stock in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 912.50.
Check Out Our Latest Analysis on FEVR
Fevertree Drinks Trading Up 3.2%
The business has a fifty day moving average of GBX 843.07 and a 200-day moving average of GBX 819.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 3.21 and a current ratio of 3.16. The company has a market capitalization of £981.42 million, a P/E ratio of 42.61, a PEG ratio of -4.51 and a beta of 1.14.
Fevertree Drinks (LON:FEVR – Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The company reported GBX 9.50 earnings per share (EPS) for the quarter. Fevertree Drinks had a net margin of 7.29% and a return on equity of 11.88%. Analysts anticipate that Fevertree Drinks PLC will post 38.32 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Fevertree Drinks news, insider Domenico De Lorenzo acquired 44,674 shares of the company’s stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of GBX 780 per share, with a total value of £348,457.20. Insiders own 13.13% of the company’s stock.
About Fevertree Drinks
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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