Britvic (BVIC) Given New GBX 765 Price Target at Goldman Sachs Group

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.

Britvic (LON:BVIC) last issued its earnings results on Wednesday, November 29th. The company reported GBX 52.90 ($0.74) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 49.70 ($0.70) by GBX 3.20 ($0.04). Britvic had a net margin of 9.31% and a return on equity of 51.61%. The firm had revenue of GBX 154.08 billion for the quarter.

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.

Analyst Recommendations for Britvic (LON:BVIC)

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