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

Fevertree Drinks PLC (LON:FEVR)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 851.40 ($11.37) and traded as high as GBX 877 ($11.72). Fevertree Drinks shares last traded at GBX 877 ($11.72), with a volume of 370,679 shares.

Analyst Ratings Changes

FEVR has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Finally, Jefferies Financial Group upgraded shares of 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 930.

Fevertree Drinks Stock Performance

The firm’s fifty day simple moving average is GBX 851.40 and its 200 day simple moving average is GBX 865.38. The company has a market capitalization of £1.01 billion, a price-to-earnings ratio of 40.89, a PEG 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 (LON:FEVR) last released its earnings results on Thursday, September 11th. The company reported GBX 6.85 earnings per share for the quarter. Fevertree Drinks had a net margin of 6.05% and a return on equity of 9.30%. On average, sell-side analysts forecast that Fevertree Drinks PLC will post 38.3184173 EPS for the current year.

Insider Buying and Selling at Fevertree Drinks

In other news, insider Kevin Havelock bought 55,000 shares of the company’s stock in a transaction dated Thursday, October 16th. The shares were acquired at an average cost of GBX 868 per share, with a total value of £477,400. 12.57% of the stock is currently owned by company insiders.

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.