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Fevertree Drinks ( (GB:FEVR) ) has shared an announcement.
Fevertree Drinks PLC announced the repurchase of 29,758 ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 773 to 789 pence, with a weighted average price of 780.0223 pence. This move is part of a strategic effort to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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 and distribution of premium mixers. The company is known for its high-quality tonic waters and other mixer products that cater to both domestic and international markets.
Average Trading Volume: 376,938
Technical Sentiment Signal: Strong Sell
Current Market Cap: £940.3M
See more data about FEVR stock on TipRanks’ Stock Analysis page.