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

Shares of Fevertree Drinks PLC (LON:FEVR) passed 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 traded.

Wall Street Analysts Forecast Growth

FEVR has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,200 ($15.08) target price on shares of Fevertree Drinks in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fevertree Drinks in a report on Tuesday, April 30th. They set a “buy” rating and a GBX 1,600 ($20.10) price objective for the company.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 6.39, a quick ratio of 3.21 and a current ratio of 3.71. The firm has a fifty day simple moving average of GBX 1,133.38 and a 200 day simple moving average of GBX 1,073.25. The company has a market capitalization of £1.32 billion, a PE ratio of 8,746.15, a P/E/G ratio of -4.51 and a beta of 1.09.

Fevertree Drinks Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 16th will be paid a dividend of GBX 10.90 ($0.14) per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 1.01%. This is a positive change from Fevertree Drinks’s previous dividend of $5.74. Fevertree Drinks’s dividend payout ratio (DPR) is currently 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.