Shares of Fevertree Drinks PLC (LON:FEVR – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 961.20 ($12.64) and traded as low as GBX 874.22 ($11.50). Fevertree Drinks shares last traded at GBX 887 ($11.66), with a volume of 156,936 shares trading hands.
Analyst Ratings Changes
FEVR has been the subject of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Fevertree Drinks from GBX 1,150 ($15.12) to GBX 1,000 ($13.15) and set a “hold” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their target price on Fevertree Drinks from GBX 2,720 ($35.77) to GBX 2,650 ($34.85) and set a “neutral” rating for the company in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Fevertree Drinks has an average rating of “Hold” and an average target price of GBX 1,566 ($20.59).
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Fevertree Drinks Price Performance
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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