Fevertree Drinks (LON:FEVR) Shares Pass Below 50-Day Moving Average – Time to Sell?

Fevertree Drinks PLC (LON:FEVR) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 795.88 and traded as low as GBX 766. Fevertree Drinks shares last traded at GBX 777.50, with a volume of 515,614 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 780 price target on shares of Fevertree Drinks in a research note on Tuesday, June 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,080 price objective on shares of Fevertree Drinks in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Fevertree Drinks from GBX 840 to GBX 900 and gave the company a “hold” rating in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 915.

Fevertree Drinks Price Performance

The company has a market cap of £879.45 million, a P/E ratio of 41.76, a P/E/G ratio of -4.51 and a beta of 1.12. The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.21 and a current ratio of 3.57. The firm’s fifty day moving average is GBX 795.88 and its two-hundred day moving average is GBX 833.50.

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.