Fevertree Drinks (LON:FEVR) Stock Passes Below 200-Day Moving Average – Time to Sell?

Fevertree Drinks PLC (LON:FEVR) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 840.56 and traded as low as GBX 783. Fevertree Drinks shares last traded at GBX 796, with a volume of 266,671 shares traded.

Analyst Upgrades and Downgrades

FEVR has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,100 price objective on shares of Fevertree Drinks in a report on Thursday, March 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 920 price objective on shares of Fevertree Drinks in a report on Thursday, March 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Fevertree Drinks from GBX 840 to GBX 900 and gave the company a “hold” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 955.

Fevertree Drinks Trading Down 2.2%

The business has a 50 day moving average of GBX 811.52 and a two-hundred day moving average of GBX 840.13. The company has a current ratio of 3.57, a quick ratio of 3.21 and a debt-to-equity ratio of 1.70. The firm has a market cap of £892.49 million, a P/E ratio of 41.81, a PEG ratio of -4.51 and a beta of 1.13.

Fevertree Drinks (LON:FEVR) last posted 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%. Analysts predict that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current year.

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.