Berenberg Bank upgraded shares of Britvic (LON:BVIC) to a buy rating in a research report sent to investors on Thursday, May 31st. They currently have GBX 900 ($11.98) price objective on the stock, up from their prior price objective of GBX 725 ($9.65).
A number of other equities research analysts have also weighed in on the company. Citigroup reissued a buy rating and issued a GBX 870 ($11.58) target price on shares of Britvic in a research note on Monday, April 23rd. JPMorgan Chase & Co. raised Britvic to an overweight rating and lowered their target price for the company from GBX 870 ($11.58) to GBX 810 ($10.78) in a research note on Friday, April 6th. Numis Securities reissued a hold rating and issued a GBX 785 ($10.45) target price on shares of Britvic in a research note on Thursday, May 10th. Goldman Sachs Group boosted their target price on Britvic from GBX 760 ($10.12) to GBX 765 ($10.19) and gave the company a neutral rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley raised Britvic to an overweight rating and boosted their target price for the company from GBX 680 ($9.05) to GBX 870 ($11.58) in a research note on Thursday, March 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Britvic has an average rating of Buy and a consensus price target of GBX 860.50 ($11.46).
Britvic stock traded down GBX 14 ($0.19) during midday trading on Thursday, hitting GBX 761 ($10.13). 1,785,081 shares of the company’s stock were exchanged, compared to its average volume of 919,319. Britvic has a 52-week low of GBX 633.50 ($8.43) and a 52-week high of GBX 839 ($11.17).
The company also recently announced a dividend, which will be paid on Friday, July 13th. Stockholders of record on Thursday, May 31st will be given a GBX 7.90 ($0.11) dividend. This represents a dividend yield of 0.97%. The ex-dividend date is Thursday, May 31st.
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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