TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC has executed a share buyback program, purchasing 28,000 ordinary shares at prices ranging from 767 to 790 pence per share, with an average price of 780.5919 pence. This move, authorized by shareholders, aims to cancel the purchased shares, potentially enhancing shareholder value and indicating confidence in the company’s financial health.
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, ginger ales, and other mixers, catering primarily to the premium spirits market.
YTD Price Performance: 19.26%
Average Trading Volume: 471,898
Technical Sentiment Signal: Strong Sell
Current Market Cap: £916.5M
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.