Britvic (LON:BVIC) PT Raised to GBX 680

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.

ILLEGAL ACTIVITY WARNING: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/03/britvic-bvic-pt-raised-to-gbx-680-at-morgan-stanley.html.

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.

Analyst Recommendations for Britvic (LON:BVIC)

Receive News & Ratings for Britvic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Britvic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply