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Fevertree Drinks ( (GB:FEVR) ) has issued an update.
Fevertree Drinks PLC announced the repurchase of 28,000 of its ordinary shares as part of a buyback program initiated earlier in the year. The shares were purchased at prices ranging from 767 to 790 pence and will be canceled, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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, commonly known as Fever-Tree, operates in the beverage industry and is renowned for its premium mixers, including tonic waters, ginger ales, and other carbonated drinks. The company focuses on providing high-quality products that cater to the growing demand for premium mixers in both domestic and international markets.
YTD Price Performance: 19.26%
Average Trading Volume: 471,898
Technical Sentiment Signal: Strong Sell
Current Market Cap: £916.5M
See more data about FEVR stock on TipRanks’ Stock Analysis page.