Fevertree Drinks (LON:FEVR) Shares Pass Below Fifty Day Moving Average - Time to Sell?

Key Points

• Fevertree Drinks shares fell below their 50-day moving average, reaching GBX 834 before closing at GBX 844.50, with more than 3.46 million shares traded.
• Analyst sentiment remains mixed: Jefferies raised its target to GBX 1,100 with a “buy” rating, while Berenberg maintained a “hold” rating at GBX 780. The overall consensus is “Hold,” with a GBX 920 target price.
• The company reported quarterly EPS of GBX 9.50, while insider Domenico De Lorenzo bought 44,674 shares worth approximately £348,457 at GBX 780 each.

Shares of Fevertree Drinks PLC (LON:FEVR - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 837.47 and traded as low as GBX 834. Fevertree Drinks shares last traded at GBX 844.50, with a volume of 3,462,251 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on FEVR. Jefferies Financial Group boosted their target price on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the stock a "buy" rating in a report on Thursday, July 30th. Berenberg Bank reiterated a "hold" rating and set a GBX 780 price target on shares of Fevertree Drinks in a report on Monday, September 14th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Fevertree Drinks has a consensus rating of "Hold" and a consensus target price of GBX 920.

Fevertree Drinks Trading Up 1.0%

The company has a market capitalization of £952.53 million, a price-to-earnings ratio of 45.88, a P/E/G ratio of -4.51 and a beta of 1.14. The company has a 50-day moving average price of GBX 837.47 and a 200-day moving average price of GBX 816.25. 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 - 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%. Research analysts predict that Fevertree Drinks PLC will post 38.3184173 EPS for the current fiscal year.

Insider Buying and Selling

In other Fevertree Drinks news, insider Domenico De Lorenzo purchased 44,674 shares of the company's stock in a transaction on Friday, September 11th. The shares were bought at an average cost of GBX 780 per share, with a total value of £348,457.20. 13.09% of the stock is currently owned by corporate insiders.

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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