Fevertree Drinks (LON:FEVR) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Fevertree Drinks PLC (LON:FEVR) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 831.30 and traded as high as GBX 853.50. Fevertree Drinks shares last traded at GBX 832.50, with a volume of 324,913 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Jefferies Financial Group boosted their price target on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday, July 30th. Berenberg Bank reiterated a “hold” rating and issued a GBX 780 price target on shares of Fevertree Drinks in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 920.

Fevertree Drinks Stock Performance

The firm has a market cap of £920.11 million, a P/E ratio of 43.98, a PEG ratio of -4.51 and a beta of 1.14. 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 stock’s 50-day moving average is GBX 831.44 and its 200 day moving average is GBX 828.17.

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.