Fevertree Drinks (LON:FEVR) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Fevertree Drinks PLC's stock recently crossed above its 50-day moving average of GBX 892.95, reaching a high of GBX 931 during trading.
• Analysts have mixed ratings on the stock, with Jefferies maintaining a "hold" rating and a price target of GBX 900, while Deutsche Bank upgraded its target from GBX 800 to GBX 840 and rated it as a "buy."
• Insider Kevin Havelock purchased 37,000 shares at an average price of GBX 846, indicating strong insider confidence in the company.

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 892.95 ($12.07) and traded as high as GBX 931 ($12.58). Fevertree Drinks shares last traded at GBX 890.50 ($12.04), with a volume of 439,600 shares.

Wall Street Analysts Forecast Growth

FEVR has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "hold" rating and issued a GBX 900 price objective on shares of Fevertree Drinks in a research note on Friday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a "neutral" rating in a research note on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the stock a "buy" rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 863.33.

Fevertree Drinks Stock Performance

The company has a market capitalization of £1.10 billion, a PE ratio of 4,455.64, a PEG ratio of -4.51 and a beta of 1.07. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 1.50. The firm's 50-day simple moving average is GBX 893.07 and its 200-day simple moving average is GBX 852.57.

Fevertree Drinks (LON:FEVR - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported GBX 6.85 earnings per share (EPS) for the quarter. Fevertree Drinks had a net margin of 6.05% and a return on equity of 9.30%. On average, research analysts predict that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current year.

Insider Transactions at Fevertree Drinks

In related news, insider Kevin Havelock acquired 37,000 shares of the stock in a transaction on Thursday, September 11th. The stock was bought at an average cost of GBX 846 per share, with a total value of £313,020. 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.