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Fevertree Drinks ( (GB:FEVR) ) just unveiled an announcement.
Fevertree Drinks PLC announced the repurchase of 27,891 of its own ordinary shares, as part of a buyback program initiated earlier in the year. The shares were bought at prices ranging from 769 to 786 pence, with a weighted average price of 781.63 pence. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £8.50 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
Fevertree Drinks PLC is a company operating in the beverage industry, primarily known for producing premium mixers. The company focuses on providing high-quality mixers that complement a variety of spirits, catering to a market that values premium and artisanal beverage options.
Average Trading Volume: 471,898
Technical Sentiment Signal: Strong Sell
Current Market Cap: £916.5M
For an in-depth examination of FEVR stock, go to TipRanks’ Overview page.