Shares of Britvic plc (LON:BVIC – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 895.90 ($11.33) and traded as high as GBX 1,195 ($15.12). Britvic shares last traded at GBX 1,187 ($15.01), with a volume of 486,181 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Numis Securities restated a “hold” rating and issued a GBX 900 ($11.38) target price on shares of Britvic in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,080 ($13.66) target price on shares of Britvic in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Britvic in a report on Thursday, May 23rd.
Check Out Our Latest Analysis on Britvic
Britvic Stock Performance
Britvic Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 30th will be paid a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 1.04%. Britvic’s payout ratio is currently 6,274.51%.
Insider Transactions at Britvic
In related news, insider Rebecca Napier sold 11,717 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of GBX 1,176 ($14.87), for a total value of £137,791.92 ($174,287.78). Insiders purchased a total of 48 shares of company stock worth $44,492 in the last quarter. Insiders own 6.36% of the company’s stock.
About Britvic
Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It provides fruit juices, syrups, squash, mineral water, sodas, mixers, and energy and flavored drinks. The company supplies water-coolers and bottled water; offers pension funding and financing services; and designs, installs, as well as engages in maintenance of integrated tap related solutions.
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