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

Shares of Fevertree Drinks PLC (LON:FEVR) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 805.52 and traded as low as GBX 797.50. Fevertree Drinks shares last traded at GBX 821.50, with a volume of 10,407,566 shares traded.

Analyst Ratings Changes

Several brokerages recently weighed in on FEVR. Berenberg Bank reissued a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a report on Tuesday, June 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,080 target price on shares of Fevertree Drinks in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Fevertree Drinks from GBX 840 to GBX 900 and gave the company a “hold” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 915.

Fevertree Drinks Stock Performance

The company has a quick ratio of 3.21, a current ratio of 3.57 and a debt-to-equity ratio of 1.70. The stock has a 50 day simple moving average of GBX 805.24 and a 200 day simple moving average of GBX 835.41. The company has a market capitalization of £934.89 million, a price-to-earnings ratio of 44.07, a P/E/G ratio of -4.51 and a beta of 1.12.

Fevertree Drinks (LON:FEVR) last announced its quarterly earnings results on Tuesday, March 24th. The company reported GBX 18.78 earnings per share for the quarter. Fevertree Drinks had a return on equity of 9.32% and a net margin of 6.95%. As a group, analysts anticipate that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current fiscal year.

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.