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

Fevertree Drinks PLC (LON:FEVR) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 802.26 and traded as high as GBX 822. Fevertree Drinks shares last traded at GBX 806, with a volume of 340,985 shares.

Analyst Upgrades and Downgrades

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

Fevertree Drinks Trading Down 1.4%

The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.21 and a current ratio of 3.57. The company’s fifty day simple moving average is GBX 802.26 and its 200-day simple moving average is GBX 835.48. The company has a market capitalization of £918.36 million, a P/E ratio of 43.29, a PEG ratio of -4.51 and a beta of 1.12.

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.