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Fevertree Drinks ( (GB:FEVR) ) just unveiled an announcement.
Fevertree Drinks PLC announced the repurchase of 21,213 of its ordinary shares as part of a buyback program initiated earlier in the year. The shares were bought at prices ranging from 804 to 818 pence, with an average price of 813.0381 pence, and are intended to be canceled. This move is part of the company’s strategy to manage its 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 £900.00 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 is primarily driven by its strong financial performance and positive corporate events, particularly the share buyback program. However, the high valuation and mixed technical indicators slightly offset these strengths. The absence of recent earnings call data limits the assessment of forward-looking guidance and sentiment.
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, ginger ales, and other mixer products, catering to both consumer and hospitality markets.
Average Trading Volume: 437,330
Technical Sentiment Signal: Strong Sell
Current Market Cap: £924.7M
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.