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An update from Fevertree Drinks ( (GB:FEVR) ) is now available.
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 830 to 846 pence, with the company planning to cancel these shares, potentially enhancing shareholder value by reducing the total number of shares outstanding.
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 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 are often paired with spirits.
YTD Price Performance: 26.22%
Average Trading Volume: 436,719
Technical Sentiment Signal: Strong Sell
Current Market Cap: £973.1M
See more insights into FEVR stock on TipRanks’ Stock Analysis page.