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

Fevertree Drinks PLC (LON:FEVR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 834.16 and traded as low as GBX 820. Fevertree Drinks shares last traded at GBX 877.50, with a volume of 479,988 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FEVR. Berenberg Bank restated a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research report on Tuesday, June 16th. Jefferies Financial Group increased their target price on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Fevertree Drinks has an average rating of “Hold” and a consensus price target of GBX 920.

Fevertree Drinks Price Performance

The firm’s 50-day moving average is GBX 811.40 and its two-hundred day moving average is GBX 834.16. The company has a market cap of £997.08 million, a P/E ratio of 47.34, a PEG ratio of -4.51 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a current ratio of 3.57 and a quick ratio of 3.21.

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.