Britvic (BVIC) Rating Lowered to Equal weight at Morgan Stanley
Britvic (LON:BVIC) was downgraded by equities research analysts at Morgan Stanley to an “equal weight” rating in a note issued to investors on Tuesday. They currently have a GBX 900 ($11.76) price objective on the stock, up from their previous price objective of GBX 870 ($11.37). Morgan Stanley’s price target indicates a potential upside of 0.90% from the company’s previous close.
BVIC has been the subject of a number of other reports. UBS Group boosted their price objective on Britvic from GBX 870 ($11.37) to GBX 920 ($12.02) and gave the company a “buy” rating in a research note on Friday, January 11th. Royal Bank of Canada upped their price objective on Britvic from GBX 730 ($9.54) to GBX 760 ($9.93) and gave the stock a “sector performer” rating in a report on Friday, December 21st. Numis Securities reaffirmed a “hold” rating and set a GBX 815 ($10.65) price objective on shares of Britvic in a report on Friday, December 14th. Berenberg Bank increased their price target on Britvic from GBX 900 ($11.76) to GBX 950 ($12.41) and gave the company a “buy” rating in a report on Friday, December 7th. Finally, Deutsche Bank lifted their target price on Britvic from GBX 940 ($12.28) to GBX 970 ($12.67) and gave the stock a “buy” rating in a research report on Friday, November 30th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 867.55 ($11.34).
Shares of Britvic stock opened at GBX 892 ($11.66) on Tuesday. Britvic has a 12 month low of GBX 633.50 ($8.28) and a 12 month high of GBX 839 ($10.96).
In other news, insider Mathew Dunn sold 31,530 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of GBX 854 ($11.16), for a total value of £269,266.20 ($351,843.98).
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.
Recommended Story: Understanding Stock Ratings
Receive News & Ratings for Britvic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Britvic and related companies with MarketBeat.com's FREE daily email newsletter.