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Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC announced the repurchase of 30,416 of its ordinary shares as part of a buyback program initiated earlier in the year. The shares were bought at prices ranging from 793 to 813 pence, with the company intending to cancel them, which could potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:FEVR) stock is a Buy with a £908.00 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, ginger ales, and other carbonated mixers, catering to both individual consumers and the hospitality sector.
Average Trading Volume: 463,130
Technical Sentiment Signal: Strong Sell
Current Market Cap: £941.4M
Learn more about FEVR stock on TipRanks’ Stock Analysis page.