Britvic Plc Price Target Raised to GBX 765 at Numis Securities Ltd (BVIC)
Equities researchers at Numis Securities Ltd hoisted their target price on shares of Britvic Plc (LON:BVIC) from GBX 684 ($11.51) to GBX 765 ($12.88) in a research report issued on Wednesday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price suggests a potential upside of 2.14% from the stock’s previous close.
Shares of Britvic Plc (LON:BVIC) traded down 0.52% on Wednesday, hitting GBX 739.00. 120,982 shares of the company’s stock traded hands. 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 725.0 and a 200-day moving average of GBX 702.. The company’s market cap is £1.822 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of GBX 6.10 ($0.10) per share. This represents a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 28th.
A number of other firms have also recently commented on BVIC. Analysts at Barclays reiterated an “equal weight” rating on shares of Britvic Plc in a research note on Thursday, May 22nd. They now have a GBX 725 ($12.20) price target on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Britvic Plc presently has a consensus rating of “Buy” and a consensus price target of GBX 758.27 ($12.76).
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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