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Fevertree Drinks ( (GB:FEVR) ) has provided an update.
Fevertree Drinks PLC has announced the repurchase of 103,464 ordinary shares as part of its previously announced buyback program. Conducted through Investec Bank PLC, the shares were purchased at a weighted average price of 712.8625 pence per share, with the intention to cancel them. This move is part of the company’s strategic efforts to manage its capital structure, potentially enhancing shareholder value and reinforcing its market position.
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, ginger ales, and other mixers, primarily targeting the premium segment of the market.
YTD Price Performance: 8.22%
Average Trading Volume: 8,774
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.15B
See more insights into FEVR stock on TipRanks’ Stock Analysis page.
