Britvic (BVIC) Upgraded by Shore Capital to Buy

Shore Capital upgraded shares of Britvic (LON:BVIC) to a buy rating in a research report sent to investors on Thursday morning.

Several other research analysts have also recently issued reports on the stock. Goldman Sachs Group decreased their target price on shares of Britvic from GBX 765 ($10.00) to GBX 761 ($9.94) and set a neutral rating for the company in a report on Thursday, September 6th. Deutsche Bank reaffirmed a buy rating on shares of Britvic in a report on Friday, October 19th. Berenberg Bank reaffirmed a buy rating and issued a GBX 900 ($11.76) target price on shares of Britvic in a report on Tuesday, August 14th. Jefferies Financial Group boosted their price objective on shares of Britvic from GBX 780 ($10.19) to GBX 850 ($11.11) and gave the company a hold rating in a report on Monday, August 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Britvic from GBX 660 ($8.62) to GBX 730 ($9.54) and gave the company a sector performer rating in a report on Thursday, August 16th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Britvic currently has an average rating of Buy and an average price target of GBX 853 ($11.15).

Shares of Britvic stock opened at GBX 856.50 ($11.19) on Thursday. Britvic has a 52-week low of GBX 633.50 ($8.28) and a 52-week high of GBX 839 ($10.96).

Britvic (LON:BVIC) last issued its earnings results on Thursday, November 29th. The company reported GBX 56.30 ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 53.80 ($0.70) by GBX 2.50 ($0.03).

The business also recently disclosed a dividend, which will be paid on Monday, February 4th. Stockholders of record on Thursday, December 6th will be issued a dividend of GBX 20.30 ($0.27) per share. This represents a dividend yield of 2.47%. This is a boost from Britvic’s previous dividend of $7.90. The ex-dividend date is Thursday, December 6th.

About Britvic

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. The company offers soft drinks comprising sparkling sodas, juice drinks, ice tea, squash, syrups, mineral water, mixers, energy drinks, liquid concentrates, and ready-to-drink nectar drinks under the 7Up, Ballygowan, Britvic, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R Whites, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade brands.

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Analyst Recommendations for Britvic (LON:BVIC)

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