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Fevertree Drinks ( (GB:FEVR) ) has shared an update.
Fevertree Drinks PLC has executed a share buyback program, purchasing 28,000 ordinary shares at a weighted average price of 869.8380 pence per share. This move, facilitated by Investec Bank, is part of a previously announced buyback program and aims to cancel the purchased shares, potentially enhancing shareholder value and adjusting the company’s capital structure.
The most recent analyst rating on (GB:FEVR) stock is a Hold with a £959.00 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 primarily supported by its strong financial performance, characterized by robust cash flow and a solid balance sheet. However, the high P/E ratio raises valuation concerns, and technical indicators suggest a neutral market sentiment. The absence of recent earnings call insights or notable corporate events limits additional context for the stock’s outlook.
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 and other mixers that cater to both domestic and international markets.
Average Trading Volume: 456,414
Technical Sentiment Signal: Sell
Current Market Cap: £1.02B
For detailed information about FEVR stock, go to TipRanks’ Stock Analysis page.