Jefferies Group Boosts Britvic Plc (BVIC) Price Target to GBX 600
Britvic Plc (LON:BVIC) had its target price lifted by research analysts at Jefferies Group from GBX 580 ($7.20) to GBX 600 ($7.44) in a research report issued to clients and investors on Thursday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 4.99% from the company’s previous close.
Other analysts have also recently issued reports about the company. Barclays PLC restated an “overweight” rating on shares of Britvic Plc in a report on Thursday. Goodbody restated a “buy” rating on shares of Britvic Plc in a report on Wednesday. Royal Bank Of Canada restated a “sector performer” rating and set a GBX 640 ($7.94) price target on shares of Britvic Plc in a report on Friday, September 9th. HSBC restated a “hold” rating and set a GBX 620 ($7.69) price target on shares of Britvic Plc in a report on Thursday, August 11th. Finally, Deutsche Bank AG reduced their price target on Britvic Plc from GBX 700 ($8.68) to GBX 600 ($7.44) and set a “hold” rating on the stock in a report on Monday, August 8th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Britvic Plc presently has an average rating of “Hold” and a consensus price target of GBX 695.87 ($8.63).
Britvic Plc (LON:BVIC) opened at 571.50 on Thursday. Britvic Plc has a 52 week low of GBX 548.00 and a 52 week high of GBX 740.50. The company’s market capitalization is GBX 1.50 billion. The stock’s 50 day moving average is GBX 566.40 and its 200 day moving average is GBX 619.77.
The company also recently announced a dividend, which will be paid on Friday, February 3rd. Stockholders of record on Thursday, December 8th will be given a dividend of GBX 17.50 ($0.22) per share. This represents a dividend yield of 3.06%. This is a positive change from Britvic Plc’s previous dividend of $7.00. The ex-dividend date of this dividend is Thursday, December 8th.
About Britvic Plc
Britvic Plc is a United Kingdom-based soft drinks company. The Company offers sparkling sodas, juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. The Company operates through five segments: GB stills, GB cards, Ireland, France and International. The Company manufactures, markets and sells its range of brands, including Pepsi, 7UP, Lipton Ice Tea and Mountain Dew.
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