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Fevertree Drinks ( (GB:FEVR) ) just unveiled an update.
Fevertree Drinks PLC announced the purchase of 28,916 of its own ordinary shares, as part of a buyback program initiated earlier in the year. The shares were acquired at prices ranging from 816 to 832 pence and will be canceled, a move that may impact the company’s stock value and shareholder equity.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £906.00 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’ overall score is driven by strong financial performance, characterized by consistent revenue growth and robust cash flow. However, technical indicators suggest bearish momentum, and the high P/E ratio raises valuation concerns. The absence of earnings call insights and corporate events limits additional context.
To see Spark’s full report on GB:FEVR stock, click here.
More about Fevertree Drinks
Fevertree Drinks PLC operates in the beverage industry, primarily focusing on the production of premium mixers. The company is known for its high-quality tonic waters, ginger ales, and other mixer products, catering to a market that values premium and artisanal drink options.
Average Trading Volume: 381,521
Technical Sentiment Signal: Sell
Current Market Cap: £985.4M
Learn more about FEVR stock on TipRanks’ Stock Analysis page.