Britvic (BVIC) Price Target Increased to GBX 905 by Analysts at Numis Securities

Britvic (LON:BVIC) had its price target hoisted by Numis Securities from GBX 815 ($10.65) to GBX 905 ($11.83) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a hold rating on the stock.

Several other research firms also recently commented on BVIC. Barclays began coverage on Britvic in a report on Tuesday, April 2nd. They issued an equal weight rating and a GBX 960 ($12.54) price objective for the company. Jefferies Financial Group increased their price objective on Britvic from GBX 850 ($11.11) to GBX 880 ($11.50) and gave the company a hold rating in a report on Tuesday, April 9th. UBS Group increased their price objective on Britvic from GBX 920 ($12.02) to GBX 1,010 ($13.20) and gave the company a buy rating in a report on Monday, May 20th. Deutsche Bank increased their price objective on Britvic from GBX 990 ($12.94) to GBX 1,020 ($13.33) and gave the company a buy rating in a report on Thursday, April 18th. Finally, Shore Capital reissued a hold rating on shares of Britvic in a report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Britvic presently has an average rating of Hold and a consensus price target of GBX 928.82 ($12.14).

LON BVIC opened at GBX 928 ($12.13) on Thursday. The company has a market capitalization of $2.45 billion and a PE ratio of 21.04. The company has a debt-to-equity ratio of 204.93, a current ratio of 0.93 and a quick ratio of 0.69. Britvic has a 12 month low of GBX 740.50 ($9.68) and a 12 month high of GBX 968.50 ($12.66).

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, May 30th will be paid a GBX 8.30 ($0.11) dividend. This represents a yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 30th. Britvic’s dividend payout ratio (DPR) is presently 0.63%.

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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