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An announcement from Fevertree Drinks ( (GB:FEVR) ) is now available.
Fevertree Drinks PLC has executed a share buyback, purchasing 24,141 ordinary shares at a weighted average price of 831.9058 pence per share. This move, part of a previously announced buyback program, aims to cancel the repurchased shares, potentially enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £921.00 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’ 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 operates in the beverage industry, primarily known for its premium mixers. The company focuses on producing high-quality tonic waters, ginger ales, and other mixers that complement spirits, catering to both domestic and international markets.
Average Trading Volume: 456,919
Technical Sentiment Signal: Strong Sell
Current Market Cap: £984.5M
For an in-depth examination of FEVR stock, go to TipRanks’ Overview page.