Morgan Stanley Raises Britvic (LON:BVIC) Price Target to GBX 680

Britvic (LON:BVIC) had its price objective increased by Morgan Stanley from GBX 620 ($8.41) to GBX 680 ($9.22) in a research report released on Monday, January 8th. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also weighed in on BVIC. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 760 ($10.31) price objective on shares of Britvic in a report on Thursday, November 30th. Numis Securities reissued an add rating and set a GBX 770 ($10.44) price objective on shares of Britvic in a report on Wednesday, November 29th. Shore Capital lowered shares of Britvic to a hold rating in a report on Monday, November 13th. Jefferies Group raised their price objective on shares of Britvic from GBX 750 ($10.17) to GBX 800 ($10.85) and gave the stock a hold rating in a report on Friday, December 1st. Finally, Shore Capital Group lowered shares of Britvic to a hold rating in a report on Monday, November 13th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 750.50 ($10.18).

Britvic (LON:BVIC) opened at GBX 793.50 ($10.76) on Monday. The firm has a market cap of $2,080.00 and a P/E ratio of 1,889.29. Britvic has a one year low of GBX 573 ($7.77) and a one year high of GBX 825 ($11.19).

Britvic (LON:BVIC) last released its quarterly earnings results on Wednesday, November 29th. The company reported GBX 52.90 ($0.72) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 49.70 ($0.67) by GBX 3.20 ($0.04). The business had revenue of GBX 154.08 billion during the quarter. Britvic had a net margin of 9.31% and a return on equity of 51.61%.

The business also recently announced a dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, December 7th will be paid a dividend of GBX 19.30 ($0.26) per share. This is a boost from Britvic’s previous dividend of $7.20. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 2.4%.

In other news, insider John Patrick Daly bought 7,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average cost of GBX 795 ($10.78) per share, with a total value of £55,650 ($75,467.86). Also, insider Matt Barwell sold 7,720 shares of Britvic stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of GBX 800 ($10.85), for a total transaction of £61,760 ($83,753.73). In the last three months, insiders have acquired 7,029 shares of company stock worth $5,587,648.

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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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