Fevertree Drinks (LON:FEVR) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Fevertree Drinks PLC (LON:FEVR) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 848.49 and traded as high as GBX 939. Fevertree Drinks shares last traded at GBX 931, with a volume of 233,419 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FEVR shares. Deutsche Bank Aktiengesellschaft dropped their price target on Fevertree Drinks from GBX 900 to GBX 870 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research note on Monday, September 14th. Finally, Jefferies Financial Group boosted their price objective on Fevertree Drinks from GBX 1,080 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fevertree Drinks currently has a consensus rating of “Hold” and an average target price of GBX 912.50.

Fevertree Drinks Stock Up 0.3%

The firm has a market cap of £1.02 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of -4.51 and a beta of 1.14. The firm’s 50 day moving average price is GBX 850.03 and its two-hundred day moving average price is GBX 825.71. The company has a debt-to-equity ratio of 1.89, a current ratio of 3.16 and a quick ratio of 3.21.

Fevertree Drinks (LON:FEVR) last issued its quarterly earnings results on Thursday, September 10th. The company reported GBX 9.50 earnings per share (EPS) for the quarter. Fevertree Drinks had a return on equity of 11.88% and a net margin of 7.29%. As a group, sell-side analysts forecast that Fevertree Drinks PLC will post 38.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Fevertree Drinks

In related news, insider Domenico De Lorenzo bought 44,674 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of GBX 780 per share, with a total value of £348,457.20. Company insiders own 13.13% of the company’s stock.

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.