Britvic (BVIC) Sets New 52-Week High at $949.50

Britvic Plc (LON:BVIC) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 949.50 ($12.41) and last traded at GBX 936.50 ($12.24), with a volume of 773062 shares trading hands. The stock had previously closed at GBX 940 ($12.28).

A number of research firms recently issued reports on BVIC. Shore Capital upgraded shares of Britvic to a “buy” rating in a research report on Thursday, November 29th. Berenberg Bank boosted their target price on shares of Britvic from GBX 900 ($11.76) to GBX 950 ($12.41) and gave the company a “buy” rating in a research report on Friday, December 7th. Morgan Stanley downgraded shares of Britvic to an “equal weight” rating and boosted their target price for the company from GBX 870 ($11.37) to GBX 900 ($11.76) in a research report on Tuesday, February 12th. UBS Group boosted their target price on shares of Britvic from GBX 870 ($11.37) to GBX 920 ($12.02) and gave the company a “buy” rating in a research report on Friday, January 11th. Finally, Royal Bank of Canada boosted their target price on shares of Britvic from GBX 730 ($9.54) to GBX 760 ($9.93) and gave the company a “sector performer” rating in a research report on Friday, December 21st. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 867.55 ($11.34).

The company has a debt-to-equity ratio of 204.93, a quick ratio of 0.69 and a current ratio of 0.93. The stock has a market cap of $2.49 billion and a PE ratio of 20.96.

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Britvic Company Profile (LON:BVIC)

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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