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Fevertree Drinks ( (GB:FEVR) ) just unveiled an announcement.
Fevertree Drinks PLC has executed a share buyback, purchasing 27,724 of its ordinary shares at prices ranging from 781 to 810 pence per share, with a weighted average price of 793.5064 pence. This move is part of a previously announced buyback program and indicates the company’s strategy to manage its capital structure, potentially enhancing shareholder value by reducing the number of shares outstanding.
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, known as Fever-Tree, operates in the beverage industry and specializes in premium mixers. The company focuses on providing high-quality tonic waters, ginger ales, and other mixers, catering primarily to the premium spirits market.
Average Trading Volume: 471,015
Technical Sentiment Signal: Strong Sell
Current Market Cap: £912.8M
For a thorough assessment of FEVR stock, go to TipRanks’ Stock Analysis page.