Britvic (BVIC) Given New GBX 905 Price Target at Numis Securities
Britvic (LON:BVIC) had its price target upped by Numis Securities from GBX 815 ($10.65) to GBX 905 ($11.83) in a research note published on Thursday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.
A number of other research analysts have also commented on the stock. Morgan Stanley lowered shares of Britvic to an equal weight rating and lifted their price objective for the company from GBX 870 ($11.37) to GBX 900 ($11.76) in a research note on Tuesday, February 12th. Barclays initiated coverage on shares of Britvic in a research note on Tuesday, April 2nd. They issued an equal weight rating and a GBX 960 ($12.54) price objective on the stock. Deutsche Bank lifted their price objective on shares of Britvic from GBX 990 ($12.94) to GBX 1,020 ($13.33) and gave the company a buy rating in a research note on Thursday, April 18th. Shore Capital reaffirmed a hold rating on shares of Britvic in a report on Tuesday, April 30th. Finally, Jefferies Financial Group lifted their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 928.82 ($12.14).
LON BVIC traded up GBX 5.50 ($0.07) during trading on Thursday, reaching GBX 935.50 ($12.22). The company’s stock had a trading volume of 465,831 shares, compared to its average volume of 919,319. 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 firm has a market cap of $2.46 billion and a PE ratio of 21.21. Britvic has a twelve month low of GBX 740.50 ($9.68) and a twelve month high of GBX 968.50 ($12.66).
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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