Morgan Stanley Lowers Britvic (BVIC) to Equal weight

Britvic (LON:BVIC) was downgraded by investment analysts at Morgan Stanley to an “equal weight” rating in a research report issued to clients and investors on Tuesday. They presently have a GBX 900 ($11.76) target price on the stock, up from their prior target price of GBX 870 ($11.37). Morgan Stanley’s target price would indicate a potential upside of 0.94% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group upped their target price on shares of Britvic from GBX 870 ($11.37) to GBX 920 ($12.02) and gave the company a “buy” rating in a research report on Friday, January 11th. Deutsche Bank reiterated a “buy” rating on shares of Britvic in a research note on Friday, October 19th. Berenberg Bank boosted their price target on shares of Britvic from GBX 900 ($11.76) to GBX 950 ($12.41) and gave the stock a “buy” rating in a research note on Friday, December 7th. Shore Capital upgraded shares of Britvic to a “buy” rating in a research note on Thursday, November 29th. Finally, Numis Securities reiterated a “hold” rating and set a GBX 815 ($10.65) price target on shares of Britvic in a research note on Friday, December 14th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Britvic has a consensus rating of “Buy” and an average target price of GBX 867.55 ($11.34).

Shares of BVIC stock opened at GBX 891.58 ($11.65) on Tuesday. Britvic has a twelve month low of GBX 633.50 ($8.28) and a twelve month high of GBX 839 ($10.96).

Britvic (LON:BVIC) last posted its earnings results on Thursday, November 29th. The company reported GBX 56.30 ($0.74) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 53.80 ($0.70) by GBX 2.50 ($0.03).

In related news, insider Mathew Dunn sold 31,530 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of GBX 854 ($11.16), for a total value of £269,266.20 ($351,843.98).

Britvic Company Profile

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.

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Analyst Recommendations for Britvic (LON:BVIC)

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