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

Fevertree Drinks PLC (LON:FEVR) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 822.98 and traded as high as GBX 918. Fevertree Drinks shares last traded at GBX 896, with a volume of 351,017 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FEVR. JPMorgan Chase & Co. upped their target price on Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Jefferies Financial Group raised shares of Fevertree Drinks to a “buy” rating and raised their target price for the company from GBX 900 to GBX 1,100 in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Fevertree Drinks has a consensus rating of “Moderate Buy” and an average price target of GBX 946.67.

Fevertree Drinks Stock Performance

The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50. The company has a market cap of £1.04 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The stock has a 50 day moving average price of GBX 822.98 and a two-hundred day moving average price of GBX 855.77.

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.