Fevertree Drinks (LON:FEVR) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Fevertree Drinks PLC (LON:FEVR) passed 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 traded.

Analysts Set New Price Targets

FEVR has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, July 30th. Berenberg Bank reissued a “hold” rating and set a GBX 780 price target on shares of Fevertree Drinks in a report on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Fevertree Drinks from GBX 900 to GBX 870 and set a “hold” rating for the company in a report on Tuesday, October 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 912.50.

Fevertree Drinks Stock Performance

The company has a debt-to-equity ratio of 1.89, a current ratio of 3.16 and a quick ratio of 3.21. The stock has a market capitalization of £960.27 million, a PE ratio of 41.69, a P/E/G ratio of -4.51 and a beta of 1.14. The stock has a 50 day moving average of GBX 842.08 and a two-hundred day moving average of GBX 818.45.

Fevertree Drinks (LON:FEVR) last announced its quarterly earnings data on Thursday, September 10th. The company reported GBX 9.50 earnings per share for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. Research analysts expect that Fevertree Drinks PLC will post 38.32 EPS for the current fiscal year.

Insider Activity at Fevertree Drinks

In related news, insider Domenico De Lorenzo bought 44,674 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were bought at an average cost of GBX 780 per share, for a total transaction of £348,457.20. Insiders own 13.13% of the company’s stock.

Fevertree Drinks Company Profile

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.