Fevertree Drinks (LON:FEVR) Share Price Passes Below 50 Day Moving Average – What’s Next?

Fevertree Drinks PLC (LON:FEVR) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 820.65 and traded as low as GBX 807. Fevertree Drinks shares last traded at GBX 814, with a volume of 89,495 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FEVR. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the company a “buy” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. raised their price target on Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Jefferies Financial Group upgraded Fevertree Drinks to a “buy” rating and boosted their price objective for the company from GBX 900 to GBX 1,100 in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 946.67.

Fevertree Drinks Stock Up 0.2%

The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50. The firm has a market cap of £947.92 million, a P/E ratio of 38.53, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The stock’s fifty day moving average is GBX 820.65 and its two-hundred day moving average is GBX 863.59.

Insider Transactions at Fevertree Drinks

In other Fevertree Drinks news, insider Kevin Havelock bought 55,000 shares of Fevertree Drinks stock in a transaction that occurred on Thursday, October 16th. The stock was acquired at an average cost of GBX 868 per share, for a total transaction of £477,400. Corporate insiders own 12.89% 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.