Britvic (LON:BVIC) was upgraded by equities researchers at JPMorgan Chase & Co. to an “overweight” rating in a note issued to investors on Friday. The firm presently has a GBX 870 ($12.22) target price on the stock, up from their prior target price of GBX 810 ($11.37). JPMorgan Chase & Co.’s price target would indicate a potential upside of 19.83% from the company’s previous close.
A number of other equities analysts also recently commented on BVIC. Numis Securities reissued a “hold” rating and set a GBX 785 ($11.02) price objective on shares of Britvic in a research report on Wednesday. Jefferies Group boosted their price objective on Britvic from GBX 680 ($9.55) to GBX 750 ($10.53) and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Shore Capital reissued a “sell” rating on shares of Britvic in a research report on Wednesday. Citigroup reissued a “buy” rating and set a GBX 870 ($12.22) price objective on shares of Britvic in a research report on Tuesday, October 17th. Finally, Deutsche Bank boosted their price objective on Britvic from GBX 700 ($9.83) to GBX 950 ($13.34) and gave the stock a “buy” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Britvic has a consensus rating of “Hold” and an average price target of GBX 787 ($11.05).
Britvic (LON BVIC) traded down GBX 3 ($0.04) during midday trading on Friday, reaching GBX 726 ($10.20). The company’s stock had a trading volume of 2,731,879 shares, compared to its average volume of 803,382. The firm has a market cap of $1,920.00 and a P/E ratio of 1,728.57. Britvic has a 52 week low of GBX 619.50 ($8.70) and a 52 week high of GBX 839 ($11.78).
In other news, insider John Patrick Daly acquired 7,000 shares of Britvic stock in a transaction on Monday, December 18th. The stock was bought at an average price of GBX 795 ($11.16) per share, for a total transaction of £55,650 ($78,149.14). Also, insider Matt Barwell sold 7,720 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of GBX 800 ($11.23), for a total value of £61,760 ($86,729.39). In the last 90 days, insiders have purchased 7,029 shares of company stock valued at $5,587,648.
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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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