Fevertree Drinks (LON:FEVR) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Fevertree Drinks shares rose above their 50-day moving average, reaching GBX 906.25 before last trading at GBX 868.50 on volume of nearly 2.93 million shares.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of GBX 912.50. Jefferies raised its target to GBX 1,100 with a “Buy” rating, while Deutsche Bank and Berenberg maintained “Hold” views.
• An insider, Domenico De Lorenzo, purchased 44,674 shares worth approximately £348,457, while insiders collectively own 13.13% of the company.

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 842.08 and traded as high as GBX 906.25. Fevertree Drinks shares last traded at GBX 868.50, with a volume of 2,927,922 shares changing hands.

Analysts Set New Price Targets

FEVR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Fevertree Drinks from GBX 900 to GBX 870 and set a "hold" rating for the company in a research report on Tuesday, October 6th. Jefferies Financial Group raised their price objective on shares of 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. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 780 price objective on shares of Fevertree Drinks in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 912.50.

Fevertree Drinks Price Performance

The stock has a market cap of £960.27 million, a price-to-earnings ratio of 41.69, a PEG ratio of -4.51 and a beta of 1.14. The company has a 50-day moving average of GBX 842.08 and a 200-day moving average of GBX 818.45. The company has a debt-to-equity ratio of 1.89, a quick ratio of 3.21 and a current ratio of 3.16.

Fevertree Drinks (LON:FEVR - Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported GBX 9.50 EPS for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. As a group, equities research analysts predict that Fevertree Drinks PLC will post 38.32 earnings per share for the current year.

Insider Activity

In related news, insider Domenico De Lorenzo bought 44,674 shares of the company's stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of GBX 780 per share, with a total value of £348,457.20. Insiders own 13.13% of the company's stock.

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.

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