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The latest update is out from Fevertree Drinks ( (GB:FEVR) ).
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 bought at prices ranging from 831 to 846 pence and will be canceled, potentially enhancing shareholder value and signaling 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 and other mixer products, catering primarily to the upscale market segment.
Average Trading Volume: 433,863
Technical Sentiment Signal: Strong Sell
Current Market Cap: £978.9M
See more data about FEVR stock on TipRanks’ Stock Analysis page.