Britvic Plc (BVIC) Earns Buy Rating from Shore Capital
Britvic Plc (LON:BVIC)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital in a note issued to investors on Tuesday.
Several other brokerages also recently commented on BVIC. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 700 ($9.07) target price on shares of Britvic Plc in a report on Friday. Jefferies Group LLC boosted their price objective on shares of Britvic Plc from GBX 620 ($8.03) to GBX 680 ($8.81) and gave the company a “hold” rating in a report on Thursday, July 6th. Whitman Howard reissued a “buy” rating and issued a GBX 800 ($10.36) price objective on shares of Britvic Plc in a report on Tuesday, June 13th. Barclays PLC reissued an “overweight” rating on shares of Britvic Plc in a report on Thursday, May 25th. Finally, Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Britvic Plc from GBX 609 ($7.89) to GBX 615 ($7.97) and gave the company a “neutral” rating in a report on Monday, May 15th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Britvic Plc has a consensus rating of “Hold” and a consensus price target of GBX 677.46 ($8.78).
Britvic Plc (BVIC) traded up 0.49% during midday trading on Tuesday, reaching GBX 713.50. 468,783 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 701.22 and a 200 day moving average price of GBX 643.15. The company’s market cap is GBX 1.88 billion. Britvic Plc has a 52 week low of GBX 521.00 and a 52 week high of GBX 742.00.
The company also recently disclosed a dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 1st will be paid a GBX 7.20 ($0.09) dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, June 1st.
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In other news, insider John Patrick Daly acquired 8,000 shares of Britvic Plc stock in a transaction dated Tuesday, July 4th. The shares were bought at an average cost of GBX 690 ($8.94) per share, with a total value of £55,200 ($71,502.59). Over the last ninety days, insiders bought 8,053 shares of company stock worth $5,556,976.
Britvic Plc Company Profile
Britvic plc is a United Kingdom-based soft drinks company. The Company operates in the soft drinks manufacturing and distribution industry. It operates through six segments: GB stills, GB carbs, Ireland, France, Brazil and International. The GB stills and GB carbs segments include its operations in the United Kingdom excluding Northern Ireland.
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