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Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC has executed a share buyback, purchasing 28,000 of its own ordinary shares at a weighted average price of 798.8637 pence per share. This move, conducted through Investec Bank, is part of a buyback program announced earlier in the year, and the company plans to cancel the acquired shares, potentially impacting its share value and benefiting shareholders by reducing the total number of shares outstanding.
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 operates in the beverage industry, specializing in premium mixers. The company is known for its high-quality tonic waters and other mixers, catering primarily to the premium spirits market.
Average Trading Volume: 459,087
Technical Sentiment Signal: Strong Sell
Current Market Cap: £936.3M
For a thorough assessment of FEVR stock, go to TipRanks’ Stock Analysis page.