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

Key Points

• Fevertree Drinks shares rose 1.7%, trading at GBX 844 after briefly reaching GBX 848 and moving above the 50-day average of GBX 841.27.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a GBX 920 target price, although Jefferies raised its target to GBX 1,100 and maintained a “Buy” rating.
• Insider Domenico De Lorenzo purchased 44,674 shares for approximately £348,457, while the company’s latest quarterly EPS was GBX 9.50 and its net margin stood at 7.29%.

Shares of Fevertree Drinks PLC (LON:FEVR - Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 841.27 and traded as high as GBX 848. Fevertree Drinks shares last traded at GBX 844, with a volume of 1,820,215 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their price target 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 reissued a "hold" rating and set a GBX 780 target price 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 assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 920.

Fevertree Drinks Stock Up 1.7%

The firm has a 50 day moving average price of GBX 841.27 and a two-hundred day moving average price of GBX 815.25. The company has a quick ratio of 3.21, a current ratio of 3.16 and a debt-to-equity ratio of 1.89. The company has a market capitalization of £941.10 million, a price-to-earnings ratio of 45.33, a P/E/G ratio of -4.51 and a beta of 1.14.

Fevertree Drinks (LON:FEVR - Get Free Report) last announced its earnings results on Thursday, September 10th. The company reported GBX 9.50 earnings per share (EPS) for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. As a group, sell-side analysts expect that Fevertree Drinks PLC will post 38.3184173 earnings per share for the current year.

Insider Activity

In other Fevertree Drinks news, insider Domenico De Lorenzo bought 44,674 shares of the business'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 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.

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