Britvic (BVIC) Upgraded by Berenberg Bank to Buy

Berenberg Bank upgraded shares of Britvic (LON:BVIC) to a buy rating in a research report report published on Thursday, May 31st. Berenberg Bank currently has GBX 900 ($11.98) price objective on the stock, up from their previous price objective of GBX 725 ($9.65).

BVIC has been the subject of several other research reports. Shore Capital upgraded shares of Britvic to a buy rating in a research report on Wednesday, May 23rd. Citigroup reiterated a buy rating and set a GBX 870 ($11.58) target price on shares of Britvic in a research report on Tuesday, May 22nd. Societe Generale upgraded shares of Britvic to a buy rating and upped their target price for the company from GBX 680 ($9.05) to GBX 945 ($12.58) in a research report on Thursday, May 24th. Numis Securities reiterated a hold rating and set a GBX 785 ($10.45) target price on shares of Britvic in a research report on Wednesday, January 31st. Finally, Jefferies Financial Group lowered their price objective on shares of Britvic from GBX 800 ($10.65) to GBX 780 ($10.38) and set a hold rating for the company in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Britvic currently has an average rating of Buy and an average price target of GBX 860.50 ($11.46).

LON BVIC traded down GBX 2 ($0.03) during trading on Thursday, hitting GBX 785 ($10.45). 1,661,607 shares of the company traded hands, compared to its average volume of 919,319. Britvic has a 12 month low of GBX 633.50 ($8.43) and a 12 month high of GBX 839 ($11.17).

Britvic (LON:BVIC) last released its earnings results on Wednesday, May 23rd. The company reported GBX 21.20 ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 19.30 ($0.26) by GBX 1.90 ($0.03). Britvic had a return on equity of 51.61% and a net margin of 9.31%.

The business also recently declared a dividend, which will be paid on Friday, July 13th. Shareholders of record on Thursday, May 31st will be issued a GBX 7.90 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a yield of 0.97%.

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.

Analyst Recommendations for Britvic (LON:BVIC)

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