Britvic Plc (BVIC) Given Average Rating of “Hold” by Brokerages
Britvic Plc (LON:BVIC) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 689.33 ($8.98).
Several equities analysts have issued reports on the company. Whitman Howard reiterated a “buy” rating and set a GBX 800 ($10.42) target price on shares of Britvic Plc in a research report on Thursday. Barclays PLC reiterated an “overweight” rating on shares of Britvic Plc in a research report on Thursday, May 25th. Shore Capital reiterated a “buy” rating on shares of Britvic Plc in a research report on Wednesday, June 7th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 700 ($9.12) target price on shares of Britvic Plc in a research report on Friday, July 7th. Finally, Jefferies Group LLC boosted their target price on Britvic Plc from GBX 620 ($8.08) to GBX 680 ($8.86) and gave the stock a “hold” rating in a research report on Thursday, July 6th.
Shares of Britvic Plc (LON BVIC) traded down 1.41% during mid-day trading on Monday, reaching GBX 700.00. The company’s stock had a trading volume of 796,979 shares. The company’s 50 day moving average price is GBX 705.86 and its 200-day moving average price is GBX 658.58. The company’s market capitalization is GBX 1.84 billion. Britvic Plc has a 1-year low of GBX 521.00 and a 1-year high of GBX 742.00.
The company also recently declared a dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 1st were issued a GBX 7.20 ($0.09) dividend. This represents a dividend yield of 1%. The ex-dividend date was Thursday, June 1st.
In other news, insider John Patrick Daly purchased 8,000 shares of the stock in a transaction that occurred on Tuesday, July 4th. The shares were acquired at an average price of GBX 690 ($8.99) per share, for a total transaction of £55,200 ($71,912.45). In the last 90 days, insiders purchased 8,072 shares of company stock worth $5,570,694.
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About Britvic Plc
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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