Fevertree Drinks (LON:FEVR) Hits New 12-Month Low – Here’s Why

Fevertree Drinks PLC (LON:FEVR) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 741.83 ($9.63) and last traded at GBX 742.66 ($9.64), with a volume of 193691 shares. The stock had previously closed at GBX 752.50 ($9.77).

Analysts Set New Price Targets

FEVR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Fevertree Drinks from GBX 1,450 ($18.83) to GBX 1,325 ($17.20) and set a “buy” rating on the stock in a report on Friday, September 13th. Jefferies Financial Group lowered their price objective on shares of Fevertree Drinks from GBX 1,150 ($14.93) to GBX 1,000 ($12.98) and set a “hold” rating on the stock in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Fevertree Drinks from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a “neutral” rating for the company in a report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Fevertree Drinks has a consensus rating of “Hold” and a consensus target price of GBX 1,511 ($19.62).

Fevertree Drinks Stock Up 1.0 %

The company has a debt-to-equity ratio of 5.84, a current ratio of 4.11 and a quick ratio of 3.21. The firm has a 50-day simple moving average of GBX 819.15 and a two-hundred day simple moving average of GBX 973.39. The company has a market cap of £884.31 million, a PE ratio of 3,947.37, a P/E/G ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of GBX 5.85 ($0.08) per share. This represents a yield of 0.68%. The ex-dividend date was Thursday, September 26th. Fevertree Drinks’s dividend payout ratio is presently 8,947.37%.

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.