Britvic (LON:BVIC) had its price objective upped by Morgan Stanley from GBX 620 ($8.71) to GBX 680 ($9.55) in a report published on Monday, January 8th. They currently have an equal weight rating on the stock.
A number of other equities analysts have also recently commented on the company. Shore Capital Group cut Britvic to a hold rating in a report on Monday, November 13th. Numis Securities boosted their price target on Britvic from GBX 770 ($10.81) to GBX 785 ($11.02) and gave the stock a hold rating in a report on Wednesday, December 6th. Whitman Howard reissued a buy rating and set a GBX 900 ($12.64) price target on shares of Britvic in a report on Tuesday, November 7th. JPMorgan Chase & Co. boosted their price objective on Britvic from GBX 700 ($9.83) to GBX 760 ($10.67) and gave the stock a neutral rating in a research report on Wednesday, November 1st. Finally, Jefferies Group boosted their price objective on Britvic from GBX 750 ($10.53) to GBX 800 ($11.23) and gave the stock a hold rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently 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) on Monday, reaching GBX 726 ($10.20). The company had a trading volume of 2,731,879 shares, compared to its average volume of 803,382. The company has a market cap of $1,920.00 and a P/E ratio of 1,728.57. Britvic has a twelve month low of GBX 619.50 ($8.70) and a twelve month high of GBX 839 ($11.78).
Britvic (LON:BVIC) last announced its quarterly earnings data on Wednesday, November 29th. The company reported GBX 52.90 ($0.74) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 49.70 ($0.70) by GBX 3.20 ($0.04). The firm had revenue of GBX 154.08 billion during the quarter. Britvic had a return on equity of 51.61% and a net margin of 9.31%.
The firm also recently announced a dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, December 7th will be given a dividend of GBX 19.30 ($0.27) per share. This is a positive change from Britvic’s previous dividend of $7.20. The ex-dividend date of this dividend is Thursday, December 7th. This represents a dividend yield of 2.4%.
In other news, insider John Patrick Daly purchased 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of GBX 795 ($11.16) per share, with a total value of £55,650 ($78,149.14). Also, insider Matt Barwell sold 7,720 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was 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 worth $5,587,648.
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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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