Fevertree Drinks (LON:FEVR) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Fevertree Drinks PLC (LON:FEVR) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 805.52 and traded as low as GBX 797.50. Fevertree Drinks shares last traded at GBX 821.50, with a volume of 10,407,566 shares.

Analyst Upgrades and Downgrades

FEVR has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,080 target price on shares of Fevertree Drinks in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fevertree Drinks from GBX 840 to GBX 900 and gave the stock a “hold” rating in a research note on Wednesday, March 25th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 780 price target on shares of Fevertree Drinks in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 915.

Fevertree Drinks Stock Performance

The business has a 50-day moving average of GBX 805.52 and a 200-day moving average of GBX 835.41. The stock has a market capitalization of £936.03 million, a price-to-earnings ratio of 44.12, a PEG ratio of -4.51 and a beta of 1.12. The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.21 and a current ratio of 3.57.

Fevertree Drinks (LON:FEVR) last released its quarterly earnings results on Tuesday, March 24th. The company reported GBX 18.78 EPS for the quarter. Fevertree Drinks had a return on equity of 9.32% and a net margin of 6.95%. As a group, research analysts forecast that Fevertree Drinks PLC will post 38.3184173 EPS for the current year.

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.