Fevertree Drinks (LON:FEVR) Reaches New 52-Week Low - Here's Why

Fevertree Drinks PLC (LON:FEVR - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 717.90 ($9.35) and last traded at GBX 728.56 ($9.48), with a volume of 73872 shares traded. The stock had previously closed at GBX 721.50 ($9.39).

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Fevertree Drinks from GBX 2,720 ($35.41) to GBX 2,650 ($34.50) and set a "neutral" rating for the company in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on Fevertree Drinks from GBX 1,450 ($18.88) to GBX 1,325 ($17.25) and set a "buy" rating for the company in a research report on Friday, September 13th. Finally, Jefferies Financial Group lowered their price target on Fevertree Drinks from GBX 1,150 ($14.97) to GBX 1,000 ($13.02) and set a "hold" rating on the stock in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Fevertree Drinks has an average rating of "Hold" and an average target price of GBX 1,511 ($19.67).

Fevertree Drinks Stock Performance

The stock has a market capitalization of £831.77 million, a P/E ratio of 3,793.47, a P/E/G ratio of -4.51 and a beta of 1.07. 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 stock has a 50 day simple moving average of GBX 793.69 and a two-hundred day simple moving average of GBX 952.41.

Fevertree Drinks Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a GBX 5.85 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a yield of 0.68%. Fevertree Drinks's dividend payout ratio (DPR) is currently 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.