Fevertree Drinks (LON:FEVR) Stock Price Passes Above 50 Day Moving Average of $1,133.38

Fevertree Drinks PLC (LON:FEVR)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,133.38 ($14.24) and traded as high as GBX 1,178.60 ($14.81). Fevertree Drinks shares last traded at GBX 1,137 ($14.28), with a volume of 174,249 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FEVR shares. Deutsche Bank Aktiengesellschaft assumed coverage on Fevertree Drinks in a research note on Tuesday, April 30th. They issued a “buy” rating and a GBX 1,600 ($20.10) target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 1,200 ($15.08) price objective on shares of Fevertree Drinks in a research report on Thursday, April 11th.

Fevertree Drinks Stock Down 0.2 %

The stock has a market cap of £1.32 billion, a PE ratio of 8,746.15, a PEG ratio of -4.51 and a beta of 1.09. The company has a debt-to-equity ratio of 6.39, a current ratio of 3.71 and a quick ratio of 3.21. The company has a 50 day moving average price of GBX 1,133.38 and a two-hundred day moving average price of GBX 1,073.25.

Fevertree Drinks Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 16th will be given a GBX 10.90 ($0.14) dividend. This is a positive change from Fevertree Drinks’s previous dividend of $5.74. The ex-dividend date is Thursday, May 16th. This represents a yield of 1.01%. Fevertree Drinks’s payout ratio is 13,076.92%.

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. The company offers Indian, Mediterranean, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; gingers; sodas; cola and lemonades; cocktails; and sparkling soft drinks.