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Fevertree Drinks ( (GB:FEVR) ) has issued an announcement.
Fevertree Drinks PLC announced a buyback of 27,120 of its ordinary shares, as part of a program initiated earlier in the year. The shares were purchased at prices ranging from 812 to 828 pence and will be canceled, potentially impacting the company’s share value and market perception positively by reducing the number of shares in circulation.
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 is a company operating 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 complement spirits, catering to a market that values premium and natural ingredients.
Average Trading Volume: 434,757
Technical Sentiment Signal: Sell
Current Market Cap: £965M
See more data about FEVR stock on TipRanks’ Stock Analysis page.