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

Shares of Fevertree Drinks PLC (LON:FEVR) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in 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 research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Fevertree Drinks in a report on Tuesday, April 30th. They issued a “buy” rating and a GBX 1,600 ($20.30) price objective on the stock.

Fevertree Drinks Price Performance

The company has a debt-to-equity ratio of 6.39, a current ratio of 3.71 and a quick ratio of 3.21. The stock has a 50 day moving average price of GBX 1,104.27 and a 200-day moving average price of GBX 1,085.44. The stock has a market capitalization of £1.27 billion, a price-to-earnings ratio of 8,353.85, a price-to-earnings-growth ratio of -4.51 and a beta of 1.10.

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.