Fevertree Drinks PLC Executes Share Buyback Program

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

Fevertree Drinks PLC announced the repurchase of 37,797 of its ordinary shares, with prices ranging between 860.00 and 880.00 pence per share, as part of a buyback program initiated earlier in the year. This move, conducted through Investec Bank, is intended to cancel the repurchased shares, potentially impacting the company’s stock value and shareholder equity by reducing the number of shares in circulation.

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 is positioned well with solid financial performance, strong technical indicators, and strategic corporate actions like share buybacks. However, a high P/E ratio suggests overvaluation risk, which moderates the overall score.

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, ginger ales, and other mixers, catering to a market that values premium and artisanal drink options.

Average Trading Volume: 515,298

Technical Sentiment Signal: Sell

Current Market Cap: £1.05B

Find detailed analytics on FEVR stock on TipRanks’ Stock Analysis page.