Fevertree Drinks (LON:FEVR) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Fevertree Drinks PLC (LON:FEVR) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 814.16 and traded as low as GBX 794. Fevertree Drinks shares last traded at GBX 808, with a volume of 312,191 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on FEVR. JPMorgan Chase & Co. raised their target price on Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Jefferies Financial Group raised Fevertree Drinks to a “buy” rating and raised their price objective for the stock from GBX 900 to GBX 1,100 in a research report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the company a “buy” rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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 stock has a market cap of £933.50 million, a PE ratio of 37.94, a P/E/G ratio of -4.51 and a beta of 1.07. The company has a fifty day moving average of GBX 814.16 and a 200-day moving average of GBX 859.62.

Insider Transactions at Fevertree Drinks

In other Fevertree Drinks news, insider Kevin Havelock purchased 55,000 shares of Fevertree Drinks stock in a transaction dated Thursday, October 16th. The shares were acquired at an average price of GBX 868 per share, with a total value of £477,400. 12.89% of the stock is owned by company insiders.

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.