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

Fevertree Drinks PLC (LON:FEVR) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 864.10 and traded as high as GBX 960. Fevertree Drinks shares last traded at GBX 939, with a volume of 181,861 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price target on Fevertree Drinks from GBX 850 to GBX 900 and gave the company 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 MarketBeat, Fevertree Drinks has a consensus rating of “Moderate Buy” and a consensus target price of GBX 946.67.

Fevertree Drinks Price Performance

The business’s 50-day simple moving average is GBX 864.10 and its two-hundred day simple moving average is GBX 853.23. The stock has a market cap of £1.09 billion, a price-to-earnings ratio of 44.24, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.11 and a quick ratio of 3.21.

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.