Britvic Given New GBX 680 Price Target at Nomura (BVIC)
Nomura hoisted their price target on shares of Britvic (LON:BVIC) from GBX 630 ($10.11) to GBX 680 ($10.91) in a research note issued on Monday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Nomura’s price target would indicate a potential upside of 17.85% from the stock’s previous close.
Shares of Britvic (LON:BVIC) opened at 570.50 on Monday. Britvic has a one year low of GBX 346.50 and a one year high of GBX 595.00. The stock’s 50-day moving average is GBX 568.7 and its 200-day moving average is GBX 498.5. The company’s market cap is £1.386 billion.
A number of other analysts have also recently weighed in on BVIC. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Britvic in a research note to investors on Wednesday, August 28th. They now have a GBX 590 ($9.47) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Britvic in a research note to investors on Friday, August 23rd. They now have a GBX 590 ($9.47) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Britvic in a research note to investors on Friday, July 26th. They now have a GBX 527 ($8.45) price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Britvic presently has a consensus rating of “Hold” and a consensus price target of GBX 523 ($8.39).
Britvic plc is a United Kingdom-based company. The Company and its subsidiaries operate in the soft drinks manufacturing and distribution industry, principally in the United Kingdom, Republic of Ireland and France.
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