Fevertree Drinks (LON:FEVR) Reaches New 1-Year High – Should You Buy?

Shares of Fevertree Drinks PLC (LON:FEVR) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 978.50 and last traded at GBX 968.50, with a volume of 125,529 shares trading hands. The stock had previously closed at GBX 933.50.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research note on Monday, September 14th. Jefferies Financial Group lifted their price target on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Deutsche Bank reduced their price target on Fevertree Drinks from GBX 900 to GBX 870 and set a “hold” rating for the company in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 912.50.

Fevertree Drinks Trading Up 3.9%

The firm has a market capitalization of £1.07 billion, a PE ratio of 45.65, a price-to-earnings-growth ratio of -4.51 and a beta of 1.14. The company’s 50-day simple moving average is GBX 872.94 and its 200 day simple moving average is GBX 844.50. The company has a quick ratio of 3.21, a current ratio of 3.16 and a debt-to-equity ratio of 1.89.

Fevertree Drinks (LON:FEVR) last released its quarterly earnings results on Thursday, September 10th. The company reported GBX 9.50 earnings per share for the quarter. Fevertree Drinks had a net margin of 7.29% and a return on equity of 11.88%. As a group, sell-side analysts expect that Fevertree Drinks PLC will post 38.32 EPS for the current year.

Insider Activity at Fevertree Drinks

In other news, insider Domenico De Lorenzo bought 44,674 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of GBX 780 per share, with a total value of £348,457.20. 13.22% 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.