Britvic (LON:BVIC) had its target price reduced by Deutsche Bank Aktiengesellschaft from GBX 950 ($12.41) to GBX 935 ($12.22) in a research note issued to investors on Wednesday, Analyst Price Targets reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.
A number of other research analysts have also recently weighed in on BVIC. JPMorgan Chase & Co. lifted their target price on Britvic from GBX 1,075 ($14.04) to GBX 1,120 ($14.63) and gave the company an overweight rating in a report on Thursday. Royal Bank of Canada cut Britvic to a sector perform rating and reduced their price objective for the stock from GBX 1,060 ($13.85) to GBX 870 ($11.37) in a research note on Monday, October 11th. Finally, Berenberg Bank restated a buy rating and set a GBX 1,050 ($13.72) price objective on shares of Britvic in a research note on Tuesday, November 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and a consensus target price of GBX 974.38 ($12.73).
Shares of Britvic stock opened at GBX 892 ($11.65) on Wednesday. Britvic has a twelve month low of GBX 726 ($9.49) and a twelve month high of GBX 1,018 ($13.30). The stock has a market capitalization of £2.38 billion and a P/E ratio of 26.87. The company has a current ratio of 1.02, a quick ratio of 0.68 and a debt-to-equity ratio of 219.59. The business’s fifty day moving average price is GBX 905.15 and its 200 day moving average price is GBX 935.98.
The firm also recently announced a dividend, which will be paid on Wednesday, February 2nd. Stockholders of record on Thursday, December 16th will be given a dividend of GBX 17.70 ($0.23) per share. This represents a dividend yield of 1.95%. This is a positive change from Britvic’s previous dividend of $6.50. The ex-dividend date is Thursday, December 16th. Britvic’s payout ratio is presently 0.65%.
In other news, insider Simon Litherland sold 1,063 shares of Britvic stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of GBX 937 ($12.24), for a total transaction of £9,960.31 ($13,013.21). Over the last ninety days, insiders have bought 44 shares of company stock worth $27,155.
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 also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, and energy and flavored drinks.
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