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Fevertree Drinks ( (GB:FEVR) ) has shared an announcement.
Fevertree Drinks PLC has announced the purchase of 28,000 of its own ordinary shares as part of a buyback program initiated earlier in the year. The shares were bought at prices ranging from 830.00 to 847.00 pence, with a weighted average price of 843.6358 pence. This move is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, which is expected to positively impact the company’s stock value and market perception.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £921.00 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 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 beverage options.
Average Trading Volume: 441,857
Technical Sentiment Signal: Strong Sell
Current Market Cap: £976.8M
See more data about FEVR stock on TipRanks’ Stock Analysis page.