Britvic Plc (LON:BVIC) has earned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 756.67 ($10.18).
Several equities analysts have recently commented on BVIC shares. Numis Securities restated an “add” rating and issued a GBX 770 ($10.36) price objective on shares of Britvic in a research report on Wednesday, November 29th. Shore Capital restated a “buy” rating on shares of Britvic in a research report on Tuesday, October 3rd. Whitman Howard restated a “buy” rating and issued a GBX 900 ($12.11) price objective on shares of Britvic in a research report on Tuesday, November 7th. Citigroup restated a “buy” rating and issued a GBX 870 ($11.71) price objective on shares of Britvic in a research report on Tuesday, October 17th. Finally, Shore Capital Group downgraded Britvic to a “hold” rating in a research report on Monday, November 13th.
In other Britvic news, insider Matt Barwell sold 7,720 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of GBX 800 ($10.77), for a total transaction of £61,760 ($83,122.48). Also, insider John Patrick Daly acquired 7,000 shares of Britvic stock in a transaction on Monday, December 18th. The shares were bought at an average cost of GBX 795 ($10.70) per share, for a total transaction of £55,650 ($74,899.06). Insiders purchased 7,044 shares of company stock worth $5,599,318 over the last quarter.
Britvic (LON:BVIC) last released its earnings results on Wednesday, November 29th. The company reported GBX 52.90 ($0.71) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 49.70 ($0.67) by GBX 3.20 ($0.04). Britvic had a return on equity of 51.61% and a net margin of 9.31%. The company had revenue of GBX 154.08 billion for the quarter.
The company also recently announced a dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, December 7th will be given a GBX 19.30 ($0.26) dividend. This is an increase from Britvic’s previous dividend of $7.20. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 7th.
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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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