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Fevertree Drinks ( (GB:FEVR) ) has shared an update.
Fevertree Drinks PLC announced the repurchase of 57,187 of its ordinary shares at a weighted average price of 899.9966 pence per share, with the intention to cancel these shares. This buyback, part of a previously announced program, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
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 scores strongly due to its robust financial performance and positive technical indicators, supported by a strategic share buyback program. However, the stock’s high valuation poses a risk, which tempers the overall score.
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 producing high-quality tonic waters, ginger ales, and other carbonated mixers, catering to both domestic and international markets.
Average Trading Volume: 479,053
Technical Sentiment Signal: Sell
Current Market Cap: £1.09B
Find detailed analytics on FEVR stock on TipRanks’ Stock Analysis page.