Fevertree Drinks (LON:FEVR) Stock Crosses Below 50 Day Moving Average – What’s Next?

Fevertree Drinks PLC (LON:FEVR)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 795.88 and traded as low as GBX 766. Fevertree Drinks shares last traded at GBX 777.50, with a volume of 515,614 shares traded.

Analyst Ratings Changes

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

Fevertree Drinks Trading Up 1.5%

The stock has a market capitalization of £879.45 million, a PE ratio of 41.76, a PEG ratio of -4.51 and a beta of 1.12. The stock’s 50 day moving average price is GBX 795.88 and its 200-day moving average price is GBX 833.50. The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70.

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.