Fevertree Drinks (LON:FEVR) Stock Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Fevertree Drinks shares fell below their 50-day moving average, trading at GBX 809 ($10.86), indicating potential concerns for investors.
• Analysts have mixed sentiments, with upgrades from firms like Deutsche Bank (target price raised to GBX 840) and a consensus rating of "Hold" with a price target of GBX 863.33.
• Insider Kevin Havelock purchased 37,000 shares at an average price of GBX 846, reflecting insider confidence in the company's future prospects.

Fevertree Drinks PLC (LON:FEVR - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 876.53 ($11.77) and traded as low as GBX 809 ($10.86). Fevertree Drinks shares last traded at GBX 809 ($10.86), with a volume of 424,467 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FEVR shares. JPMorgan Chase & Co. upped their price objective on Fevertree Drinks from GBX 770 to GBX 850 and gave the stock a "neutral" rating in a report on Friday, September 12th. Jefferies Financial Group restated a "hold" rating and issued a GBX 900 price target on shares of Fevertree Drinks in a research report on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fevertree Drinks from GBX 800 to GBX 840 and gave the stock a "buy" rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of GBX 863.33.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 1.50, a current ratio of 4.11 and a quick ratio of 3.21. The firm has a market cap of £938.50 million, a P/E ratio of 3,781.87, a PEG ratio of -4.51 and a beta of 1.07. The stock's 50-day simple moving average is GBX 876.53 and its two-hundred day simple moving average is GBX 862.40.

Fevertree Drinks (LON:FEVR - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts forecast that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current fiscal year.

Insider Activity at Fevertree Drinks

In other Fevertree Drinks news, insider Kevin Havelock bought 37,000 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were purchased at an average price of GBX 846 per share, with a total value of £313,020. Corporate insiders own 12.57% of the company's stock.

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.

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