Fevertree Drinks (LON:FEVR) Shares Up 0.1% – Still a Buy?

Fevertree Drinks PLC (LON:FEVR)’s stock price shot up 0.1% during trading on Tuesday . The company traded as high as GBX 740 ($9.45) and last traded at GBX 729 ($9.31). 471,996 shares changed hands during trading, an increase of 57% from the average session volume of 300,465 shares. The stock had previously closed at GBX 728.50 ($9.31).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on Fevertree Drinks from GBX 1,450 ($18.53) to GBX 1,325 ($16.93) and set a “buy” rating for the company in a report on Friday, September 13th.

Fevertree Drinks Stock Performance

The company has a market capitalization of £851.03 million, a price-to-earnings ratio of 3,836.84, a P/E/G ratio of -4.51 and a beta of 1.07. The stock has a 50 day simple moving average of GBX 733.59 and a 200 day simple moving average of GBX 875.63. The company has a quick ratio of 3.21, a current ratio of 4.11 and a debt-to-equity ratio of 5.84.

Fevertree Drinks Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of GBX 5.85 ($0.07) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.68%. Fevertree Drinks’s dividend payout ratio is currently 8,947.37%.

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.