Jefferies Group Increases Britvic (BVIC) Price Target to GBX 800

Britvic (LON:BVIC) had its target price hoisted by stock analysts at Jefferies Group from GBX 750 ($10.04) to GBX 800 ($10.71) in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 0.34% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Numis Securities reaffirmed an “add” rating and issued a GBX 770 ($10.31) price objective on shares of Britvic in a research report on Wednesday. Citigroup reaffirmed a “buy” rating and issued a GBX 870 ($11.65) price objective on shares of Britvic in a research report on Tuesday, October 17th. Shore Capital reaffirmed a “buy” rating on shares of Britvic in a research report on Tuesday, October 3rd. Whitman Howard reaffirmed a “buy” rating and issued a GBX 900 ($12.05) price objective on shares of Britvic in a research report on Tuesday, November 7th. Finally, Shore Capital Group cut Britvic to a “hold” rating in a research report on Monday, November 13th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 744 ($9.96).

Britvic (LON BVIC) opened at GBX 802.72 ($10.75) on Friday. Britvic has a 12-month low of GBX 521 ($6.98) and a 12-month high of GBX 821.50 ($11.00).

Britvic (LON:BVIC) last released its quarterly earnings data on Wednesday, November 29th. The company reported GBX 52.90 ($0.71) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 49.70 ($0.67) by GBX 3.20 ($0.04). The business had revenue of GBX 154.08 billion for the quarter. Britvic had a return on equity of 25.84% and a net margin of 5.10%.

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About Britvic

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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