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Fevertree Drinks ( (GB:FEVR) ) has provided an announcement.
Fevertree Drinks PLC has announced the repurchase of 28,000 of its ordinary shares as part of a buyback program authorized at its 2024 Annual General Meeting. The shares were purchased at prices ranging from 782 to 794 pence, with a weighted average price of 787.4217 pence. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
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 cater to both domestic and international markets.
YTD Price Performance: 18.20%
Average Trading Volume: 445,491
Technical Sentiment Signal: Strong Sell
Current Market Cap: £913.8M
For a thorough assessment of FEVR stock, go to TipRanks’ Stock Analysis page.