Fevertree Drinks (LON:FEVR) Hits New 12-Month Low – Should You Sell?

Fevertree Drinks PLC (LON:FEVR)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 699 ($8.99) and last traded at GBX 703.57 ($9.05), with a volume of 511627 shares trading hands. The stock had previously closed at GBX 706 ($9.09).

Analysts Set New Price Targets

FEVR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Fevertree Drinks from GBX 2,720 ($35.00) to GBX 2,650 ($34.10) and set a “neutral” rating for the company in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft cut their price target on Fevertree Drinks from GBX 1,450 ($18.66) to GBX 1,325 ($17.05) and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, Jefferies Financial Group cut their price target on Fevertree Drinks from GBX 1,150 ($14.80) to GBX 1,000 ($12.87) and set a “hold” rating for the company in a research note on Monday, July 29th.

Fevertree Drinks Price Performance

The business has a 50 day moving average price of GBX 773.95 and a two-hundred day moving average price of GBX 936.57. The stock has a market cap of £829.05 million, a PE ratio of 3,723.68, a P/E/G ratio of -4.51 and a beta of 1.07. The company has a debt-to-equity ratio of 5.84, a quick ratio of 3.21 and a current ratio of 4.11.

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 paid 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.