Britvic (LON:BVIC) had its price target boosted by equities researchers at Goldman Sachs Group from GBX 760 ($10.66) to GBX 765 ($10.73) in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 13.33% from the company’s current price.
BVIC has been the topic of a number of other research reports. Morgan Stanley lifted their price target on Britvic from GBX 620 ($8.69) to GBX 680 ($9.53) and gave the company an “equal weight” rating in a report on Monday, January 8th. Numis Securities lifted their price target on Britvic from GBX 770 ($10.80) to GBX 785 ($11.01) and gave the company a “hold” rating in a report on Wednesday, December 6th. JPMorgan Chase & Co. raised Britvic to an “overweight” rating and lifted their price target for the company from GBX 810 ($11.36) to GBX 870 ($12.20) in a report on Friday, February 2nd. Shore Capital reaffirmed a “sell” rating on shares of Britvic in a report on Wednesday, January 31st. Finally, Jefferies Group lifted their price target on Britvic from GBX 680 ($9.53) to GBX 750 ($10.52) and gave the company a “hold” rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 802 ($11.25).
Britvic (BVIC) opened at GBX 675 ($9.46) on Wednesday. Britvic has a twelve month low of GBX 619.50 ($8.69) and a twelve month high of GBX 839 ($11.76). The stock has a market cap of $1,810.00 and a PE ratio of 1,607.14.
In related news, insider Matt Barwell sold 7,720 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of GBX 800 ($11.22), for a total transaction of £61,760 ($86,595.63). Also, insider John Patrick Daly acquired 7,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of GBX 795 ($11.15) per share, for a total transaction of £55,650 ($78,028.60).
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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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