Britvic Plc’s (BVIC) Overweight Rating Reiterated at Barclays PLC
Britvic Plc (LON:BVIC)‘s stock had its “overweight” rating reaffirmed by Barclays PLC in a research report issued on Wednesday.
Other equities research analysts have also issued research reports about the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Britvic Plc in a report on Thursday, December 1st. Goodbody reiterated a “buy” rating on shares of Britvic Plc in a research report on Wednesday, November 30th. Citigroup Inc. reiterated a “buy” rating and set a GBX 670 ($8.36) price target on shares of Britvic Plc in a research report on Wednesday, January 11th. Shore Capital reiterated a “buy” rating on shares of Britvic Plc in a research report on Tuesday. Finally, Jefferies Group LLC lifted their price target on shares of Britvic Plc from GBX 580 ($7.24) to GBX 600 ($7.49) and gave the company a “hold” rating in a research report on Thursday, December 1st. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Britvic Plc currently has an average rating of “Buy” and an average target price of GBX 677.69 ($8.46).
Britvic Plc (LON:BVIC) opened at 625.50 on Wednesday. The firm’s 50 day moving average price is GBX 572.69 and its 200-day moving average price is GBX 594.11. Britvic Plc has a one year low of GBX 521.00 and a one year high of GBX 738.00. The firm’s market cap is GBX 1.64 billion.
The business also recently announced a dividend, which will be paid on Friday, February 3rd. Stockholders of record on Thursday, December 8th will be paid a GBX 17.50 ($0.22) dividend. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, December 8th. This is a positive change from Britvic Plc’s previous dividend of $7.00.
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In other Britvic Plc news, insider Simon Litherland acquired 11,479 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The shares were purchased at an average price of GBX 553 ($6.90) per share, for a total transaction of £63,478.87 ($79,219.86). In the last 90 days, insiders bought 11,548 shares of company stock worth $6,386,656.
About Britvic Plc
Britvic Plc is a United Kingdom-based soft drinks company. The Company offers sparkling sodas, juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. The Company operates through five segments: GB stills, GB cards, Ireland, France and International. The Company manufactures, markets and sells its range of brands, including Pepsi, 7UP, Lipton Ice Tea and Mountain Dew.
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