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

Fevertree Drinks PLC (LON:FEVR)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

Wall Street Analyst Weigh In

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

Fevertree Drinks Stock Down 0.5%

The company has a market capitalization of £1.10 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The firm’s 50-day simple moving average is GBX 878.96 and its 200 day simple moving average is GBX 854. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.21 and a current ratio of 4.11.

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.