Fevertree Drinks (LON:FEVR) Stock Crosses Below 50 Day Moving Average – What’s Next?

Fevertree Drinks PLC (LON:FEVR)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 795.88 and traded as low as GBX 766. Fevertree Drinks shares last traded at GBX 777.50, with a volume of 515,614 shares traded.

Wall Street Analyst Weigh In

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

Fevertree Drinks Stock Up 1.5%

The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of £879.45 million, a P/E ratio of 41.76, a PEG ratio of -4.51 and a beta of 1.12. The company has a fifty day moving average price of GBX 795.88 and a 200-day moving average price of GBX 833.50.

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.