Britvic Plc’s (LON:BVIC) “Buy” Rating Reiterated at Shore Capital
Several other equities research analysts have also recently issued reports on the stock. Jefferies Group LLC raised their target price on shares of Britvic Plc from GBX 620 ($8.08) to GBX 680 ($8.86) and gave the stock a hold rating in a report on Thursday, July 6th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 700 ($9.12) target price on shares of Britvic Plc in a report on Friday, July 7th. Berenberg Bank cut shares of Britvic Plc to a hold rating and set a GBX 725 ($9.45) target price on the stock. in a report on Thursday, April 20th. Whitman Howard restated a buy rating and issued a GBX 800 ($10.42) target price on shares of Britvic Plc in a report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) raised their target price on shares of Britvic Plc from GBX 609 ($7.93) to GBX 615 ($8.01) and gave the stock a neutral rating in a report on Monday, May 15th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 683.08 ($8.90).
Britvic Plc (LON BVIC) opened at 712.00 on Thursday. The company’s market cap is GBX 1.87 billion. The firm’s 50 day moving average is GBX 704.54 and its 200 day moving average is GBX 663.56. Britvic Plc has a 52-week low of GBX 521.00 and a 52-week high of GBX 742.00.
The company also recently disclosed a dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were given a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a dividend yield of 1%.
In other news, insider John Patrick Daly acquired 8,000 shares of the firm’s stock in a transaction dated Tuesday, July 4th. The shares were purchased at an average cost of GBX 690 ($8.99) per share, for a total transaction of £55,200 ($71,912.45). Insiders have bought a total of 8,051 shares of company stock worth $5,556,582 over the last 90 days.
Britvic Plc 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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