Fevertree Drinks (LON:FEVR) Stock 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 939 and last trading at GBX 931 on volume of 233,419 shares.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of GBX 912.50; targets range from GBX 780 to GBX 1,100.
• The company reported quarterly EPS of GBX 9.50, a 7.29% net margin and 11.88% return on equity. Insider Domenico De Lorenzo also bought 44,674 shares for approximately £348,457.

Shares of Fevertree Drinks PLC (LON:FEVR - Get Free Report) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 848.49 and traded as high as GBX 939. Fevertree Drinks shares last traded at GBX 931, with a volume of 233,419 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FEVR. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Fevertree Drinks from GBX 900 to GBX 870 and set a "hold" rating on the stock in a research note on Tuesday, October 6th. Jefferies Financial Group boosted their target price on shares of Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 780 price target on shares of Fevertree Drinks in a report on Monday, September 14th. One research 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 presently has a consensus rating of "Hold" and a consensus price target of GBX 912.50.

Fevertree Drinks Price Performance

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 stock's 50-day simple moving average is GBX 848.49 and its two-hundred day simple moving average is GBX 824.51. The company has a market capitalization of £1.01 billion, a price-to-earnings ratio of 43.83, a PEG ratio of -4.51 and a beta of 1.14.

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

Insider Activity at Fevertree Drinks

In related news, insider Domenico De Lorenzo purchased 44,674 shares of Fevertree Drinks stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of GBX 780 per share, for a total transaction of £348,457.20. 13.13% of the stock is 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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