Britvic Upgraded by Canaccord Genuity to Hold (BVIC)
Britvic (LON:BVIC) was upgraded by analysts at Canaccord Genuity to a “hold” rating in a research report issued to clients and investors on Thursday, Stock Ratings News reports. The firm currently has a GBX 550 ($8.78) price objective on the stock, up from their previous price objective of GBX 420 ($6.70). Canaccord Genuity’s price objective points to a potential downside of 9.47% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Britvic in a research note to investors on Thursday. They now have a GBX 584 ($9.32) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Britvic in a research note to investors on Monday. They now have a GBX 560 ($8.94) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Britvic in a research note to investors on Friday, October 11th. They now have a GBX 590 ($9.42) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Britvic has a consensus rating of “Hold” and a consensus price target of GBX 546.36 ($8.72).
Shares of Britvic (LON:BVIC) traded up 1.25% on Thursday, hitting GBX 607.50. The stock had a trading volume of 1,177,223 shares. Britvic has a 52 week low of GBX 346.50 and a 52 week 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 £1.476 billion.
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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