tiprankstipranks
Trending News
More News >

Fevertree Drinks PLC Executes Share Buyback

Story Highlights
Fevertree Drinks PLC Executes Share Buyback

Don’t Miss TipRanks’ Half-Year Sale

Fevertree Drinks ( (GB:FEVR) ) has issued an update.

Fevertree Drinks PLC announced the repurchase of 61,777 ordinary shares as part of its share buyback program authorized by shareholders. The shares were purchased at a weighted average price of 934.3606 pence and will be canceled, 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 £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 demonstrates strong financial performance and positive technical indicators, backed by a significant share buyback program. These factors are slightly offset by a high P/E ratio, suggesting potential overvaluation. The absence of earnings call data limits insights into management’s forward-looking strategies.

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 producing premium mixers. The company focuses on providing high-quality tonic waters, ginger ales, and other mixers that cater to the premium spirits market.

Average Trading Volume: 432,359

Technical Sentiment Signal: Hold

Current Market Cap: £1.13B

See more data about FEVR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1