Fevertree Drinks (LON:FEVR) Stock Price Passes Above 50 Day Moving Average of $1,104.27

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 1,104.27 ($14.01) and traded as high as GBX 1,127.80 ($14.31). Fevertree Drinks shares last traded at GBX 1,086 ($13.78), with a volume of 202,375 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FEVR. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,200 ($15.22) price target on shares of Fevertree Drinks in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fevertree Drinks in a research report on Tuesday, April 30th. They set a “buy” rating and a GBX 1,600 ($20.30) target price on the stock.

Fevertree Drinks Stock Down 0.2 %

The company has a current ratio of 3.71, a quick ratio of 3.21 and a debt-to-equity ratio of 6.39. The stock has a market capitalization of £1.27 billion, a P/E ratio of 8,338.46, a P/E/G ratio of -4.51 and a beta of 1.10. The stock’s 50-day moving average price is GBX 1,104.28 and its two-hundred day moving average price is GBX 1,085.54.

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. The company offers Indian, Mediterranean, elderflower, cucumber, damson and sloe berry, rhubarb and raspberry, aromatic, lemon, and Clementine tonic water products; gingers; sodas; cola and lemonades; cocktails; and sparkling soft drinks.