Britvic Plc (BVIC) Stock Rating Reaffirmed by Jefferies Group
Britvic Plc (LON:BVIC)‘s stock had its “hold” rating reiterated by investment analysts at Jefferies Group in a research note issued on Monday. They currently have a GBX 650 ($7.92) target price on the stock. Jefferies Group’s target price would indicate a potential upside of 14.54% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Numis Securities Ltd cut Britvic Plc to an “add” rating and reduced their target price for the company from GBX 782 ($9.53) to GBX 722 ($8.80) in a research note on Friday, July 22nd. Goldman Sachs Group Inc. reduced their target price on Britvic Plc from GBX 845 ($10.30) to GBX 810 ($9.87) and set a “buy” rating for the company in a research note on Friday, July 22nd. Goodbody reiterated a “buy” rating on shares of Britvic Plc in a research note on Tuesday, August 2nd. Berenberg Bank reduced their target price on Britvic Plc from GBX 850 ($10.36) to GBX 775 ($9.45) and set a “buy” rating for the company in a research note on Friday, August 12th. Finally, Morgan Stanley started coverage on Britvic Plc in a research note on Tuesday, August 2nd. They set an “equal weight” rating and a GBX 650 ($7.92) target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 701.87 ($8.55).
Shares of Britvic Plc (LON:BVIC) traded down 1.30% on Monday, reaching GBX 567.50. 875,841 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 1.49 billion. The stock’s 50-day moving average price is GBX 618.97 and its 200-day moving average price is GBX 651.18. Britvic Plc has a 52 week low of GBX 565.50 and a 52 week high of GBX 740.50.
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Britvic Plc Company Profile
Britvic Plc is a United Kingdom-based soft drinks company. The Company offers sparkling sodas, juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. The Company operates through five segments: GB stills, GB cards, Ireland, France and International. The Company manufactures, markets and sells its range of brands, including Pepsi, 7UP, Lipton Ice Tea and Mountain Dew.
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