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

Shares of Fevertree Drinks PLC (LON:FEVR) passed above its 50 day moving average during trading on Friday . The stock has a 50 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.

Wall Street Analyst Weigh In

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

Fevertree Drinks Stock Performance

The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.21 and a current ratio of 4.11. The stock has a market cap of £954.89 million, a P/E ratio of 38.81, a P/E/G ratio of -4.51 and a beta of 1.07. The business’s 50-day moving average price is GBX 825.09 and its 200-day moving average price is GBX 867.28.

Insider Transactions at Fevertree Drinks

In related news, insider Kevin Havelock purchased 55,000 shares of Fevertree Drinks stock in a transaction on Thursday, October 16th. The stock was acquired at an average price of GBX 868 per share, for a total transaction of £477,400. Corporate insiders own 12.89% of the company’s stock.

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.