Shares of Britvic Plc (LON:BVIC) have earned an average rating of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 851.11 ($11.33).
Several equities research analysts have recently issued reports on the company. Societe Generale reiterated a “buy” rating on shares of Britvic in a report on Thursday. Berenberg Bank upgraded Britvic to a “buy” rating and boosted their target price for the stock from GBX 725 ($9.65) to GBX 900 ($11.98) in a report on Thursday, May 31st. Numis Securities restated a “hold” rating and issued a GBX 815 ($10.85) target price on shares of Britvic in a report on Friday, May 25th. Shore Capital upgraded Britvic to a “buy” rating in a report on Wednesday, May 23rd. Finally, Citigroup restated a “buy” rating and issued a GBX 870 ($11.58) target price on shares of Britvic in a report on Tuesday, May 22nd.
Britvic traded down GBX 2 ($0.03), hitting GBX 785 ($10.45), on Thursday, Marketbeat.com reports. 1,661,607 shares of the company’s stock traded hands, compared to its average volume of 919,319. Britvic has a 1 year low of GBX 633.50 ($8.43) and a 1 year high of GBX 839 ($11.17).
Britvic (LON:BVIC) last announced its quarterly earnings results on Wednesday, May 23rd. The company reported GBX 21.20 ($0.28) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 19.30 ($0.26) by GBX 1.90 ($0.03). Britvic had a return on equity of 51.61% and a net margin of 9.31%.
The company also recently disclosed a dividend, which will be paid on Friday, July 13th. Stockholders of record on Thursday, May 31st will be given a dividend of GBX 7.90 ($0.11) per share. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, May 31st.
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. The company offers soft drinks comprising sparkling sodas, juice drinks, ice tea, squash, syrups, mineral water, mixers, energy drinks, liquid concentrates, and ready-to-drink nectar drinks under the 7Up, Ballygowan, Britvic, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R Whites, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade brands.
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