Fever-Tree Confirms Share Premium Cancellation

Fevertree Drinks ( (GB:FEVR) ) just unveiled an update.

Fever-Tree announced the effective cancellation of its share premium account following approval by the High Court of England and Wales. This move, approved by shareholders, does not affect the rights or number of ordinary shares in issue, indicating a strategic financial restructuring without altering shareholder equity.

The most recent analyst rating on (GB:FEVR) stock is a Hold with a £921.00 price target. To see the full list of analyst forecasts on Fevertree Drinks stock, see the GB:FEVR Stock Forecast page.

Spark’s Take on GB:FEVR Stock

According to Spark, TipRanks’ AI Analyst, GB:FEVR is a Neutral.

Fevertree Drinks’ strong financial performance, characterized by robust cash flow and a healthy balance sheet, is the primary driver of its stock score. Technical analysis indicates a neutral trend with some bullish momentum, while valuation concerns due to a high P/E ratio slightly offset the positives. The absence of earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on GB:FEVR stock, click here.

More about Fevertree Drinks

Fever-Tree is the world’s leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution to over 90 countries worldwide. Based in the UK, the brand was launched in 2005 to provide high-quality mixers catering to the growing demand for premium spirits, particularly gin, as well as vodka, rum, and whisky. The company sells a range of carbonated mixers to hotels, restaurants, bars, cafes, and selected retail outlets.

Average Trading Volume: 442,350

Technical Sentiment Signal: Strong Sell

Current Market Cap: £984.5M

Find detailed analytics on FEVR stock on TipRanks’ Stock Analysis page.