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The latest update is out from Fevertree Drinks ( (GB:FEVR) ).
Fevertree Drinks PLC announced the purchase of 63,626 of its own ordinary shares, as per the authority granted by shareholders at the 2024 Annual General Meeting. The shares were bought through the company’s broker, Investec Bank plc, at a weighted average price of 741.5661 pence and will be cancelled as part of a buyback program. This move is likely aimed at increasing shareholder value and optimizing the company’s capital structure.
More about Fevertree Drinks
Fevertree Drinks PLC is a company operating in the beverage industry, primarily known for its premium mixers and tonics. The company focuses on providing high-quality products that complement spirits, with a strong emphasis on natural ingredients.
YTD Price Performance: 9.18%
Average Trading Volume: 9,126
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.18B
See more data about FEVR stock on TipRanks’ Stock Analysis page.
