Fevertree Drinks (LON:FEVR) Hits New 1-Year Low – Here’s Why

Fevertree Drinks PLC (LON:FEVR) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 717.90 ($9.31) and last traded at GBX 728.56 ($9.45), with a volume of 73872 shares changing hands. The stock had previously closed at GBX 721.50 ($9.36).

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group dropped their price objective on shares of Fevertree Drinks from GBX 1,150 ($14.91) to GBX 1,000 ($12.97) and set a “hold” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of Fevertree Drinks from GBX 2,720 ($35.27) to GBX 2,650 ($34.37) and set a “neutral” rating for the company in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Fevertree Drinks from GBX 1,450 ($18.80) to GBX 1,325 ($17.18) and set a “buy” rating for the company in a report on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,511 ($19.60).

Fevertree Drinks Trading Down 0.1 %

The company has a debt-to-equity ratio of 5.84, a quick ratio of 3.21 and a current ratio of 4.11. The stock’s fifty day moving average is GBX 793.69 and its 200 day moving average is GBX 952.41. The stock has a market cap of £841.42 million, a P/E ratio of 3,839.47, a P/E/G ratio of -4.51 and a beta of 1.07.

Fevertree Drinks Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a GBX 5.85 ($0.08) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, September 26th. 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.