Fevertree Drinks (LON:FEVR) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Fevertree Drinks PLC (LON:FEVR)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 825.09 and traded as high as GBX 836. Fevertree Drinks shares last traded at GBX 822, with a volume of 336,432 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Jefferies Financial Group raised Fevertree Drinks to a “buy” rating and increased their target price for the company from GBX 900 to GBX 1,100 in a research note on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Fevertree Drinks from GBX 850 to GBX 900 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fevertree Drinks currently has a consensus rating of “Moderate Buy” and an average target price of GBX 946.67.

Fevertree Drinks Price Performance

The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50. The company has a fifty day moving average price of GBX 825.09 and a two-hundred day moving average price of GBX 867.37. The firm has a market cap of £954.89 million, a P/E ratio of 38.81, a PEG ratio of -4.51 and a beta of 1.07.

Insiders Place Their Bets

In related news, insider Kevin Havelock purchased 55,000 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were purchased at an average price of GBX 868 per share, with a total value of £477,400. Insiders own 12.89% of the company’s stock.

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.