Fevertree Drinks (LON:FEVR) Stock Passes Above 50 Day Moving Average – Here’s Why

Fevertree Drinks PLC (LON:FEVR) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 878.96 and traded as high as GBX 968. Fevertree Drinks shares last traded at GBX 953, with a volume of 235,788 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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’s fifty day moving average price is GBX 881.58 and its 200-day moving average price is GBX 854.02. The company has a market capitalization of £1.10 billion, a P/E ratio of 45.00, a PEG ratio of -4.51 and a beta of 1.07.

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.