Britvic (BVIC) PT Raised to GBX 810 at J P Morgan Chase & Co
Britvic (LON:BVIC) had its price objective lifted by J P Morgan Chase & Co from GBX 760 ($10.23) to GBX 810 ($10.90) in a report issued on Wednesday morning. The firm currently has a neutral rating on the stock.
Other analysts have also recently issued reports about the company. Shore Capital cut Britvic to a hold rating in a research report on Monday, November 13th. Numis Securities reiterated an add rating and set a GBX 770 ($10.36) price target on shares of Britvic in a research report on Wednesday, November 29th. Jefferies Group increased their price target on Britvic from GBX 750 ($10.09) to GBX 800 ($10.77) and gave the stock a hold rating in a research report on Friday, December 1st. Shore Capital Group cut Britvic to a hold rating in a research report on Monday, November 13th. Finally, Citigroup restated a buy rating and issued a GBX 870 ($11.71) target price on shares of Britvic in a research report on Tuesday, October 17th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 750.50 ($10.10).
Shares of Britvic (LON:BVIC) opened at GBX 799.53 ($10.76) on Wednesday. Britvic has a 1 year low of GBX 527 ($7.09) and a 1 year high of GBX 825 ($11.10).
Britvic (LON:BVIC) last announced its quarterly earnings results on Wednesday, November 29th. The company reported GBX 52.90 ($0.71) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 49.70 ($0.67) by GBX 3.20 ($0.04). The business had revenue of GBX 154.08 billion for the quarter. Britvic had a return on equity of 25.84% and a net margin of 5.10%.
The company also recently declared a dividend, which will be paid on Monday, February 5th. Stockholders of record on Thursday, December 7th will be given a dividend of GBX 19.30 ($0.26) per share. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Britvic’s previous dividend of $7.20. This represents a dividend yield of 2.4%.
In other news, insider Matt Barwell sold 7,720 shares of Britvic stock in a transaction on Thursday, November 30th. The stock was sold at an average price of GBX 800 ($10.77), for a total transaction of £61,760 ($83,122.48). Over the last quarter, insiders have bought 48 shares of company stock worth $36,588.
Britvic Company Profile
Britvic plc is a United Kingdom-based soft drinks company. The Company operates in the soft drinks manufacturing and distribution industry. It operates through six segments: GB stills, GB carbs, Ireland, France, Brazil and International. The GB stills and GB carbs segments include its operations in the United Kingdom excluding Northern Ireland.
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