Fevertree Drinks (LON:FEVR) Stock Passes Above 50-Day Moving Average – Should You Sell?

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 802.26 and traded as high as GBX 822. Fevertree Drinks shares last traded at GBX 806, with a volume of 340,985 shares trading hands.

Analyst Upgrades and Downgrades

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

Fevertree Drinks Price Performance

The stock has a market cap of £911.53 million, a price-to-earnings ratio of 42.96, a price-to-earnings-growth ratio of -4.51 and a beta of 1.12. The stock has a fifty day simple moving average of GBX 801.70 and a 200-day simple moving average of GBX 835.23. The company has a current ratio of 3.57, a quick ratio of 3.21 and a debt-to-equity ratio of 1.70.

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.