Shares of Britvic Plc (LON:BVIC) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 813.89 ($11.41).
BVIC has been the subject of several research reports. Whitman Howard restated a “buy” rating and issued a GBX 900 ($12.62) price objective on shares of Britvic in a report on Tuesday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of Britvic from GBX 700 ($9.81) to GBX 760 ($10.66) and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Deutsche Bank upped their price objective on shares of Britvic from GBX 700 ($9.81) to GBX 950 ($13.32) and gave the stock a “buy” rating in a report on Thursday, January 18th. Morgan Stanley upped their price objective on shares of Britvic from GBX 620 ($8.69) to GBX 680 ($9.53) and gave the stock an “equal weight” rating in a report on Monday, January 8th. Finally, Citigroup restated a “buy” rating and issued a GBX 870 ($12.20) price objective on shares of Britvic in a report on Tuesday, October 17th.
In other news, insider John Patrick Daly acquired 7,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average cost of GBX 795 ($11.15) per share, with a total value of £55,650 ($78,028.60). Also, insider Matt Barwell sold 7,720 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of GBX 800 ($11.22), for a total transaction of £61,760 ($86,595.63).
Britvic (LON:BVIC) last issued its quarterly earnings data on Wednesday, November 29th. The company reported GBX 52.90 ($0.74) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 49.70 ($0.70) by GBX 3.20 ($0.04). Britvic had a net margin of 9.31% and a return on equity of 51.61%. The business had revenue of GBX 154.08 billion during the quarter.
The firm also recently declared a dividend, which was paid on Monday, February 5th. Investors of record on Thursday, December 7th were paid a GBX 19.30 ($0.27) dividend. This represents a dividend yield of 2.4%. This is a positive change from Britvic’s previous dividend of $7.20. The ex-dividend date of this dividend was Thursday, December 7th.
Britvic 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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