Britvic (LON:BVIC) Upgraded by Citigroup to “Buy”

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Citigroup upgraded shares of Britvic (LON:BVIC) to a buy rating in a research report report published on Friday, Stock Target Advisor reports. The firm currently has GBX 1,070 ($13.98) price target on the stock, up from their prior price target of GBX 1,050 ($13.72).

A number of other analysts have also weighed in on BVIC. Royal Bank of Canada increased their price objective on Britvic from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the company a sector performer rating in a research note on Friday, November 29th. Liberum Capital restated a hold rating on shares of Britvic in a report on Friday. Berenberg Bank lifted their target price on shares of Britvic from GBX 1,000 ($13.07) to GBX 1,060 ($13.85) and gave the stock a buy rating in a research note on Friday, November 22nd. UBS Group reiterated a buy rating on shares of Britvic in a report on Thursday, November 28th. Finally, JPMorgan Chase & Co. cut shares of Britvic to a neutral rating and increased their price target for the company from GBX 985 ($12.87) to GBX 1,065 ($13.92) in a research report on Friday, October 18th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 988.21 ($12.91).

BVIC opened at GBX 942 ($12.31) on Friday. The company has a debt-to-equity ratio of 166.68, a current ratio of 0.87 and a quick ratio of 0.61. The stock’s 50 day simple moving average is GBX 982.17 and its 200 day simple moving average is GBX 929.16. The firm has a market cap of $2.51 billion and a price-to-earnings ratio of 31.09. Britvic has a 1 year low of GBX 783 ($10.23) and a 1 year high of GBX 1,079 ($14.10).

The business also recently disclosed a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 21.70 ($0.28) per share. This is an increase from Britvic’s previous dividend of $8.30. This represents a yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 5th. Britvic’s payout ratio is presently 0.99%.

In related news, insider Matt Barwell sold 15,787 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 968 ($12.65), for a total value of £152,818.16 ($199,683.99). Over the last three months, insiders have acquired 37 shares of company stock worth $35,768.

Britvic Company Profile

Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.

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Analyst Recommendations for Britvic (LON:BVIC)

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