Fevertree Drinks (LON:FEVR) Reaches New 1-Year High – Should You Buy?

Fevertree Drinks PLC (LON:FEVR) hit a new 52-week high on Thursday. The stock traded as high as GBX 978.50 and last traded at GBX 968.50, with a volume of 125,529 shares. The stock had previously closed at GBX 933.50.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FEVR shares. Deutsche Bank decreased their price target on Fevertree Drinks from GBX 900 to GBX 870 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Jefferies Financial Group upped their price objective on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research report on Monday, September 14th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 912.50.

Fevertree Drinks Stock Up 3.9%

The company has a current ratio of 3.16, a quick ratio of 3.21 and a debt-to-equity ratio of 1.89. The business has a 50-day moving average price of GBX 872.94 and a 200-day moving average price of GBX 844.50. The firm has a market cap of £1.07 billion, a P/E ratio of 45.65, a P/E/G ratio of -4.51 and a beta of 1.14.

Fevertree Drinks (LON:FEVR) last announced its quarterly earnings results on Thursday, September 10th. The company reported GBX 9.50 EPS for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. On average, equities analysts forecast that Fevertree Drinks PLC will post 38.32 EPS for the current fiscal year.

Insider Transactions at Fevertree Drinks

In other Fevertree Drinks news, insider Domenico De Lorenzo bought 44,674 shares of the company’s stock in a transaction on Friday, September 11th. The shares were bought at an average cost of GBX 780 per share, for a total transaction of £348,457.20. 13.22% of the stock is currently owned by insiders.

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.