Britvic (BVIC) PT Raised to GBX 680

Britvic (LON:BVIC) had its price target raised by Morgan Stanley from GBX 620 ($8.41) to GBX 680 ($9.22) in a research note released on Monday morning. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Britvic from GBX 700 ($9.49) to GBX 760 ($10.31) and gave the company a neutral rating in a research note on Wednesday, November 1st. Jefferies Group raised their price objective on shares of Britvic from GBX 750 ($10.17) to GBX 800 ($10.85) and gave the stock a hold rating in a report on Friday, December 1st. Citigroup reaffirmed a buy rating and issued a GBX 870 ($11.80) price objective on shares of Britvic in a report on Tuesday, October 17th. Shore Capital Group downgraded shares of Britvic to a hold rating in a report on Monday, November 13th. Finally, Shore Capital reissued a hold rating on shares of Britvic in a report on Wednesday, November 29th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 750.50 ($10.18).

Shares of Britvic (LON BVIC) opened at GBX 788 ($10.69) on Monday. Britvic has a one year low of GBX 571.50 ($7.75) and a one year high of GBX 825 ($11.19). The firm has a market cap of $2,090.00 and a price-to-earnings ratio of 1,876.19.

Britvic (LON:BVIC) last issued its quarterly earnings results on Wednesday, November 29th. The company reported GBX 52.90 ($0.72) EPS for the quarter, beating the Zacks’ 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 net margin of 9.31% and a return on equity of 51.61%.

The company also recently declared a dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, December 7th will be given a GBX 19.30 ($0.26) dividend. This is a positive change 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.

In other news, insider John Patrick Daly bought 7,000 shares of Britvic stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of GBX 795 ($10.78) per share, with a total value of £55,650 ($75,467.86). Also, insider Matt Barwell sold 7,720 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of GBX 800 ($10.85), for a total transaction of £61,760 ($83,753.73). Over the last quarter, insiders acquired 7,029 shares of company stock valued at $5,587,648.

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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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