Britvic (LON:BVIC) Receives “Hold” Rating from Shore Capital

Britvic (LON:BVIC)‘s stock had its “hold” rating reissued by analysts at Shore Capital in a report released on Monday, June 3rd, Digital Look reports.

A number of other analysts also recently issued reports on the company. Deutsche Bank lifted their price target on Britvic from GBX 1,020 ($13.33) to GBX 1,050 ($13.72) and gave the stock a “buy” rating in a report on Tuesday, May 28th. Investec upgraded Britvic to a “buy” rating and raised their target price for the company from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a research note on Friday, May 24th. UBS Group raised their target price on Britvic from GBX 920 ($12.02) to GBX 1,010 ($13.20) and gave the company a “buy” rating in a research note on Monday, May 20th. Barclays initiated coverage on Britvic in a research note on Tuesday, April 2nd. They set an “equal weight” rating and a GBX 960 ($12.54) target price for the company. Finally, Morgan Stanley downgraded Britvic to an “equal weight” rating and raised their target price for the company from GBX 870 ($11.37) to GBX 900 ($11.76) in a research note on Tuesday, February 12th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 940.58 ($12.29).

Shares of BVIC stock traded up GBX 4.50 ($0.06) during trading hours on Monday, reaching GBX 886 ($11.58). 666,443 shares of the company were exchanged, compared to its average volume of 919,319. The business has a fifty day moving average price of GBX 907.78. The company has a debt-to-equity ratio of 207.23, a quick ratio of 0.57 and a current ratio of 0.79. The firm has a market cap of $2.34 billion and a P/E ratio of 19.91. Britvic has a fifty-two week low of GBX 740.50 ($9.68) and a fifty-two week high of GBX 968.50 ($12.66).

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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