Fevertree Drinks PLC (LON:FEVR – Get Free Report)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 887.52 ($11.85) and traded as low as GBX 781.50 ($10.43). Fevertree Drinks shares last traded at GBX 781.50 ($10.43), with a volume of 259,179 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Jefferies Financial Group lowered their price objective on Fevertree Drinks from GBX 1,150 ($15.35) to GBX 1,000 ($13.35) and set a “hold” rating for the company in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Fevertree Drinks from GBX 1,450 ($19.35) to GBX 1,325 ($17.69) and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Fevertree Drinks from GBX 2,720 ($36.31) to GBX 2,650 ($35.37) and set a “neutral” rating on the stock in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Fevertree Drinks has a consensus rating of “Hold” and an average target price of GBX 1,511 ($20.17).
Get Our Latest Research Report on Fevertree Drinks
Fevertree Drinks Trading Up 0.1 %
Fevertree Drinks Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a GBX 5.85 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.68%. Fevertree Drinks’s dividend payout ratio is presently 8,947.37%.
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.
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