Britvic (LON:BVIC) Price Target Raised to GBX 1,120

Britvic (LON:BVIC) had its price target boosted by research analysts at JPMorgan Chase & Co. from GBX 1,075 ($14.04) to GBX 1,120 ($14.63) in a report issued on Thursday, Price reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 25.56% from the company’s previous close.

Several other research analysts also recently commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 1,050 ($13.72) price objective on shares of Britvic in a report on Tuesday, November 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Britvic in a report on Tuesday, October 19th. Finally, Royal Bank of Canada downgraded Britvic to a “sector perform” rating and cut their price target for the company from GBX 1,060 ($13.85) to GBX 870 ($11.37) in a report on Monday, October 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 974.38 ($12.73).

Shares of LON BVIC opened at GBX 892 ($11.65) on Thursday. The business’s 50 day moving average price is GBX 905.15 and its 200-day moving average price is GBX 935.98. The company has a market cap of £2.38 billion and a price-to-earnings ratio of 26.87. Britvic has a fifty-two week low of GBX 726 ($9.49) and a fifty-two week high of GBX 1,018 ($13.30). The company has a debt-to-equity ratio of 219.59, a quick ratio of 0.68 and a current ratio of 1.02.

In other Britvic 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). Insiders bought a total of 44 shares of company stock valued at $27,155 in the last three months.

Britvic Company Profile

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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Analyst Recommendations for Britvic (LON:BVIC)