Fevertree Drinks Executes Share Buyback Program

An announcement from Fevertree Drinks ( (GB:FEVR) ) is now available.

Fevertree Drinks PLC has executed a share buyback program, purchasing 84,527 ordinary shares at prices ranging from 943 to 971 pence per share, with a weighted average price of 956.2243 pence. This move is part of a previously announced buyback program, indicating a strategic effort to manage share capital 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 £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’ strong financial performance and strategic share buyback program are the primary drivers of its solid stock score. While the technical indicators show a positive trend, the high P/E ratio suggests the stock may be overvalued, which slightly tempers the overall score.

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 producing premium mixers for alcoholic spirits. The company is known for its high-quality tonic waters and other mixers, catering to a market that values premium and artisanal drink options.

YTD Price Performance: 42.36%

Average Trading Volume: 370,345

Technical Sentiment Signal: Hold

Current Market Cap: £1.13B

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