Britvic Plc’s “Equal Weight” Rating Reaffirmed at Barclays (BVIC)
Britvic Plc (LON:BVIC)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays in a report issued on Thursday. They currently have a GBX 725 ($12.20) price objective on the stock. Barclays’ price objective points to a potential downside of 3.78% from the stock’s previous close.
Shares of Britvic Plc (LON:BVIC) opened at 749.00 on Thursday. Britvic Plc has a 1-year low of GBX 459.80 and a 1-year high of GBX 784.00. The stock has a 50-day moving average of GBX 724.3 and a 200-day moving average of GBX 701.4. The company’s market cap is £1.847 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of GBX 6.10 ($0.10) per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 28th.
BVIC has been the subject of a number of other recent research reports. Analysts at Societe Generale upgraded shares of Britvic Plc to a “buy” rating in a research note on Thursday, May 22nd. They now have a GBX 860 ($14.48) price target on the stock. Separately, analysts at Prime Wealth reiterated a “buy” rating on shares of Britvic Plc in a research note on Wednesday, May 21st. They now have a GBX 745 ($12.54) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of Britvic Plc in a research note on Wednesday, May 21st. They now have a GBX 716 ($12.05) price target on the stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 750.91 ($12.64).
Britvic PLC (LON:BVIC) and its subsidiaries, together, operate in the soft drinks manufacturing and distribution industry, principally in the United Kingdom, Republic of Ireland and France.
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