Britvic (OTCMKTS:BTVCY) Raised to Buy at HSBC

HSBC upgraded shares of Britvic (OTCMKTS:BTVCY) from a hold rating to a buy rating in a report released on Wednesday morning, The Fly reports.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft downgraded Britvic from a buy rating to a hold rating in a report on Thursday, September 16th. UBS Group reissued a buy rating on shares of Britvic in a research report on Monday, July 26th. Royal Bank of Canada cut Britvic from an outperform rating to a sector perform rating in a research report on Monday. Jefferies Financial Group cut Britvic from a buy rating to a hold rating and set a $27.33 price objective on the stock. in a research report on Monday, July 26th. Finally, Zacks Investment Research downgraded Britvic from a hold rating to a strong sell rating in a research note on Tuesday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $211.55.

Shares of BTVCY stock opened at $25.04 on Wednesday. The stock has a fifty day moving average of $26.57 and a 200 day moving average of $26.29. Britvic has a 52 week low of $18.53 and a 52 week high of $29.19. The company has a quick ratio of 0.75, a current ratio of 1.02 and a debt-to-equity ratio of 2.00.

About Britvic

Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, and energy and flavored drinks.

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