Fevertree Drinks (LON:FEVR) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

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 822.98 and traded as high as GBX 918. Fevertree Drinks shares last traded at GBX 896, with a volume of 351,017 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FEVR. Jefferies Financial Group raised Fevertree Drinks to a “buy” rating and boosted their price target for the stock from GBX 900 to GBX 1,100 in a research report on Tuesday, October 14th. JPMorgan Chase & Co. lifted 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 946.67.

Fevertree Drinks Price Performance

The firm has a market capitalization of £1.04 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of -4.51 and a beta of 1.07. The company’s 50 day moving average is GBX 822.98 and its 200 day moving average is GBX 855.54. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 1.50.

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.