Fevertree Drinks (LON:FEVR) Hits New 1-Year Low – Here’s Why

Fevertree Drinks PLC (LON:FEVR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 717.90 ($9.31) and last traded at GBX 728.56 ($9.45), with a volume of 73872 shares trading hands. The stock had previously closed at GBX 721.50 ($9.36).

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FEVR. Jefferies Financial Group dropped their price objective on shares of Fevertree Drinks from GBX 1,150 ($14.91) to GBX 1,000 ($12.97) and set a “hold” rating on the stock in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Fevertree Drinks from GBX 1,450 ($18.80) to GBX 1,325 ($17.18) and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Fevertree Drinks from GBX 2,720 ($35.27) to GBX 2,650 ($34.37) and set a “neutral” rating for the company in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,511 ($19.60).

Fevertree Drinks Trading Down 0.1 %

The company has a market capitalization of £841.42 million, a price-to-earnings ratio of 3,839.47, a P/E/G ratio of -4.51 and a beta of 1.07. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 5.84. The company’s 50 day simple moving average is GBX 793.69 and its two-hundred day simple moving average is GBX 952.41.

Fevertree Drinks Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a dividend of GBX 5.85 ($0.08) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 0.68%. Fevertree Drinks’s payout ratio is currently 8,947.37%.

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.