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Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC announced the repurchase of 27,959 ordinary shares as part of its share buyback program, with prices ranging from 781 to 812 pence per share. This move, authorized by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and demonstrating confidence in the company’s financial health.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £942.00 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’ overall stock score is driven by its strong financial performance, characterized by consistent revenue growth and robust cash flow management. However, the high P/E ratio suggests a premium valuation, which, combined with neutral technical indicators, tempers the overall 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, primarily known for its premium mixers. The company focuses on providing high-quality tonic waters, ginger ales, and other mixers that cater to both the retail and hospitality sectors.
Average Trading Volume: 438,668
Technical Sentiment Signal: Sell
Current Market Cap: £947.2M
Find detailed analytics on FEVR stock on TipRanks’ Stock Analysis page.