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Fevertree Drinks ( (GB:FEVR) ) has issued an update.
Fevertree Drinks PLC has repurchased 27,841 of its own ordinary shares at a weighted average price of 772.465 pence per share, as part of a buyback program announced earlier in the year. The company intends to cancel these shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share and potentially boosting the stock price.
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 that cater to the growing market of premium spirits and cocktails.
Average Trading Volume: 466,436
Technical Sentiment Signal: Strong Sell
Current Market Cap: £900.7M
Learn more about FEVR stock on TipRanks’ Stock Analysis page.