Fevertree Drinks (LON:FEVR) Hits New 52-Week Low – Should You Sell?

Fevertree Drinks PLC (LON:FEVR) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 729.50 ($9.46) and last traded at GBX 759 ($9.84), with a volume of 503763 shares changing hands. The stock had previously closed at GBX 739 ($9.58).

Analysts Set New Price Targets

A number of analysts have recently commented on FEVR shares. Deutsche Bank Aktiengesellschaft cut 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 on the stock in a research report on Friday, September 13th. Jefferies Financial Group lowered their target price on Fevertree Drinks from GBX 1,150 ($14.91) to GBX 1,000 ($12.97) and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. lowered 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 on the stock in a research note on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,511 ($19.60).

Fevertree Drinks Stock Performance

The firm has a market cap of £886.06 million, a price-to-earnings ratio of 3,864.47, a price-to-earnings-growth ratio of -4.51 and a beta of 1.07. The stock’s 50 day moving average is GBX 806.33 and its 200 day moving average is GBX 961.99. The company has a current ratio of 4.11, a quick ratio of 3.21 and a debt-to-equity ratio of 5.84.

Fevertree Drinks Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a GBX 5.85 ($0.08) dividend. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 0.68%. Fevertree Drinks’s payout ratio is presently 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.