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

Fevertree Drinks PLC (LON:FEVR)’s stock price traded up 0.1% on Tuesday . The stock traded as high as GBX 740 ($9.45) and last traded at GBX 729 ($9.31). 471,996 shares traded hands during mid-day 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 Analysts Forecast Growth

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

Fevertree Drinks Stock Performance

The company has a 50 day moving average price of GBX 733.59 and a 200-day moving average price 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. The company has a market cap of £851.03 million, a P/E ratio of 3,836.84, a PEG ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid 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 payout ratio is 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.