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Fevertree Drinks ( (GB:FEVR) ) has issued an update.
Fevertree Drinks PLC has announced a share buyback, purchasing 26,740 ordinary shares at a weighted average price of 799.8460 pence per share. This move, executed through Investec Bank, is part of a previously announced buyback program and aims to cancel the acquired shares, potentially enhancing 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 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 focusing on the production and distribution of premium mixers. The company is known for its high-quality tonic waters, ginger ales, and other carbonated mixers, catering to a market that values premium and natural ingredients.
Average Trading Volume: 470,461
Technical Sentiment Signal: Strong Sell
Current Market Cap: £939.3M
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.