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Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC has executed a share buyback, purchasing 48,295 ordinary shares at prices ranging from 892 to 910 pence, with a weighted average price of 899.9107 pence. This move is part of a previously announced buyback program and aims to cancel the purchased shares, potentially impacting the company’s share value and benefiting shareholders by reducing the number of shares in circulation.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £1000.00 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 Outperform.
Fevertree Drinks’ overall stock score reflects its strong financial performance and strategic corporate actions, including a significant share buyback program. Despite a high P/E ratio suggesting a premium valuation, the company’s robust cash flow and positive market momentum underpin a favorable investment outlook.
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 its premium mixers. The company focuses on providing high-quality tonic waters, ginger ales, and other mixers, catering to both domestic and international markets.
Average Trading Volume: 443,684
Technical Sentiment Signal: Hold
Current Market Cap: £1.08B
Find detailed analytics on FEVR stock on TipRanks’ Stock Analysis page.