Britvic (LON:BVIC) had its price target raised by Deutsche Bank from GBX 1,050 ($13.72) to GBX 1,100 ($14.37) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. Deutsche Bank currently has a buy rating on the stock.
Several other equities analysts have also issued reports on BVIC. HSBC reaffirmed a hold rating on shares of Britvic in a report on Friday, June 28th. Jefferies Financial Group raised Britvic to a buy rating and raised their price objective for the stock from GBX 880 ($11.50) to GBX 1,000 ($13.07) in a report on Friday, September 13th. Barclays reissued an equal weight rating on shares of Britvic in a report on Wednesday, September 25th. UBS Group reissued a buy rating and set a GBX 1,010 ($13.20) price target on shares of Britvic in a report on Thursday. Finally, Shore Capital reissued a hold rating on shares of Britvic in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 964.17 ($12.60).
Shares of BVIC stock traded down GBX 4 ($0.05) during mid-day trading on Friday, hitting GBX 1,015 ($13.26). 570,423 shares of the stock were exchanged, compared to its average volume of 919,319. The stock’s fifty day simple moving average is GBX 926.75 and its two-hundred day simple moving average is GBX 912.55. The stock has a market capitalization of $2.69 billion and a price-to-earnings ratio of 22.81. Britvic has a 12-month low of GBX 740.50 ($9.68) and a 12-month high of GBX 990.50 ($12.94). The company has a debt-to-equity ratio of 207.23, a quick ratio of 0.57 and a current ratio of 0.79.
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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