Berenberg Bank Increases Britvic (LON:BVIC) Price Target to GBX 1,000

Britvic (LON:BVIC) had its price objective upped by Berenberg Bank from GBX 950 ($12.41) to GBX 1,000 ($13.07) in a report published on Wednesday, June 5th, Digital Look reports. The firm currently has a buy rating on the stock.

BVIC has been the topic of a number of other reports. Shore Capital reiterated a hold rating on shares of Britvic in a research note on Tuesday, April 30th. UBS Group increased their target price on shares of Britvic from GBX 920 ($12.02) to GBX 1,010 ($13.20) and gave the stock a buy rating in a report on Monday, May 20th. Morgan Stanley cut shares of Britvic to an equal weight rating and increased their target price for the stock from GBX 870 ($11.37) to GBX 900 ($11.76) in a report on Tuesday, February 12th. Deutsche Bank increased their target price on shares of Britvic from GBX 1,020 ($13.33) to GBX 1,050 ($13.72) and gave the stock a buy rating in a report on Tuesday, May 28th. Finally, Barclays began coverage on shares of Britvic in a report on Tuesday, April 2nd. They issued an equal weight rating and a GBX 960 ($12.54) target price for the company. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 940.58 ($12.29).

Shares of BVIC stock traded up GBX 3.50 ($0.05) on Wednesday, hitting GBX 888.50 ($11.61). The company’s stock had a trading volume of 1,695,763 shares, compared to its average volume of 919,319. The company has a market cap of $2.36 billion and a P/E ratio of 19.97. The company has a debt-to-equity ratio of 207.23, a current ratio of 0.79 and a quick ratio of 0.57. Britvic has a fifty-two week low of GBX 740.50 ($9.68) and a fifty-two week high of GBX 968.50 ($12.66). The business has a 50 day simple moving average of GBX 906.82.

The company also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 8.30 ($0.11) per share. The ex-dividend date is Thursday, May 30th. This represents a yield of 0.89%. Britvic’s payout ratio is 0.65%.

About Britvic

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.

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Analyst Recommendations for Britvic (LON:BVIC)

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