Goldman Sachs Group Begins Coverage on Britvic (LON:BVIC)
Goldman Sachs Group initiated coverage on shares of Britvic (LON:BVIC) in a research note issued to investors on Wednesday morning, Stock Target Advisor reports. The firm issued a buy rating and a GBX 1,120 ($14.73) price objective on the stock.
Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group upped their target price on shares of Britvic from GBX 1,000 ($13.15) to GBX 1,150 ($15.13) and gave the company a buy rating in a research note on Friday, December 13th. Royal Bank of Canada upped their target price on shares of Britvic from GBX 900 ($11.84) to GBX 920 ($12.10) and gave the company a sector performer rating in a research note on Friday, November 29th. Shore Capital restated a hold rating on shares of Britvic in a research note on Friday, January 31st. Deutsche Bank restated a buy rating and issued a GBX 1,100 ($14.47) target price on shares of Britvic in a research note on Monday, February 3rd. Finally, Liberum Capital restated a hold rating on shares of Britvic in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 1,026.54 ($13.50).
Shares of Britvic stock traded down GBX 35 ($0.46) during trading on Wednesday, reaching GBX 874.50 ($11.50). The company had a trading volume of 1,256,041 shares, compared to its average volume of 919,319. The company has a market cap of $2.34 billion and a price-to-earnings ratio of 28.86. The firm’s fifty day moving average is GBX 908.18 and its 200-day moving average is GBX 931.60. The company has a debt-to-equity ratio of 166.68, a quick ratio of 0.57 and a current ratio of 0.87. Britvic has a fifty-two week low of GBX 835.50 ($10.99) and a fifty-two week high of GBX 1,079 ($14.19).
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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