Fevertree Drinks (LON:FEVR) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Fevertree Drinks PLC (LON:FEVR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 834.16 and traded as low as GBX 820. Fevertree Drinks shares last traded at GBX 877.50, with a volume of 479,988 shares changing hands.

Analysts Set New Price Targets

FEVR has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price target 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. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 780 price objective on shares of Fevertree Drinks in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 920.

Fevertree Drinks Stock Performance

The firm has a market capitalization of £990.93 million, a price-to-earnings ratio of 47.37, a PEG ratio of -4.51 and a beta of 1.14. The company has a current ratio of 3.57, a quick ratio of 3.21 and a debt-to-equity ratio of 1.70. The stock’s 50-day moving average is GBX 813.21 and its 200-day moving average is GBX 834.50.

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.