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Fevertree Drinks ( (GB:FEVR) ) has issued an announcement.
Fevertree Drinks PLC has announced the purchase of 31,730 of its own ordinary shares, as part of a buyback program initiated earlier in the year. The shares were bought at prices ranging from 797.00 to 807.00 pence, with a weighted average price of 802.7755 pence, and the company intends to cancel these shares. This move is part of a strategic initiative to manage the company’s share capital and potentially enhance shareholder value.
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 is a company operating in the beverage industry, primarily known for its premium mixers. The company focuses on providing high-quality tonic waters and other mixers that cater to the growing demand for premium spirits and mixers in the market.
Average Trading Volume: 461,115
Technical Sentiment Signal: Strong Sell
Current Market Cap: £919.1M
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.