Fevertree Drinks (LON:FEVR) Stock Crosses Above 50 Day Moving Average – Here’s Why

Shares of Fevertree Drinks PLC (LON:FEVR) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 878.96 and traded as high as GBX 968. Fevertree Drinks shares last traded at GBX 953, with a volume of 235,788 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target on Fevertree Drinks from GBX 850 to GBX 900 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 946.67.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.21 and a current ratio of 4.11. The stock has a market capitalization of £1.10 billion, a PE ratio of 44.78, a P/E/G ratio of -4.51 and a beta of 1.07. The company’s fifty day simple moving average is GBX 878.96 and its two-hundred day simple moving average is GBX 854.

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.