Britvic (LON:BVIC) had its price target upped by Goldman Sachs Group from GBX 760 ($10.50) to GBX 765 ($10.57) in a report released on Wednesday, February 7th. The firm currently has a neutral rating on the stock.
A number of other equities research analysts have also recently commented on the stock. Jefferies Group upped their target price on shares of Britvic from GBX 680 ($9.39) to GBX 750 ($10.36) and gave the company a hold rating in a report on Wednesday, October 11th. Citigroup reaffirmed a buy rating and issued a GBX 870 ($12.02) target price on shares of Britvic in a report on Tuesday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Britvic from GBX 700 ($9.67) to GBX 760 ($10.50) and gave the company a neutral rating in a report on Wednesday, November 1st. Whitman Howard reaffirmed a buy rating and issued a GBX 900 ($12.43) target price on shares of Britvic in a report on Tuesday, November 7th. Finally, Shore Capital cut shares of Britvic to a hold rating in a report on Monday, November 13th. 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 company’s stock. The company has an average rating of Hold and an average price target of GBX 802 ($11.08).
Britvic (LON BVIC) opened at GBX 696.50 ($9.62) on Wednesday. Britvic has a 12 month low of GBX 620.50 ($8.57) and a 12 month high of GBX 839 ($11.59). The stock has a market cap of $1,840.00 and a price-to-earnings ratio of 1,658.33.
Britvic (LON:BVIC) last released its quarterly earnings data on Wednesday, November 29th. The company reported GBX 52.90 ($0.73) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 49.70 ($0.69) by GBX 3.20 ($0.04). Britvic had a net margin of 9.31% and a return on equity of 51.61%. The company had revenue of GBX 154.08 billion during the quarter.
The business also recently announced a dividend, which was paid on Monday, February 5th. Shareholders of record on Thursday, December 7th were issued a GBX 19.30 ($0.27) dividend. The ex-dividend date of this dividend was Thursday, December 7th. This is a boost from Britvic’s previous dividend of $7.20. This represents a yield of 2.4%.
In other news, insider Matt Barwell sold 7,720 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of GBX 800 ($11.05), for a total value of £61,760 ($85,327.44). Also, insider John Patrick Daly purchased 7,000 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average price of GBX 795 ($10.98) per share, for a total transaction of £55,650 ($76,885.88).
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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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