Britvic Plc (BVIC) Earns “Overweight” Rating from Barclays PLC
Britvic Plc (LON:BVIC)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a research note issued to investors on Friday. They presently have a GBX 710 ($9.27) target price on the stock. Barclays PLC’s price objective would suggest a potential upside of 18.93% from the stock’s previous close.
A number of other brokerages have also weighed in on BVIC. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 838 ($10.94) price target on shares of Britvic Plc in a research note on Tuesday, June 21st. Royal Bank Of Canada reaffirmed a “sector performer” rating and issued a GBX 640 ($8.35) price target on shares of Britvic Plc in a research note on Friday, September 9th. Jefferies Group started coverage on shares of Britvic Plc in a research note on Tuesday, September 13th. They issued a “hold” rating and a GBX 650 ($8.48) price target on the stock. BNP Paribas downgraded shares of Britvic Plc to a “hold” rating and set a GBX 700 ($9.14) price objective for the company. in a report on Monday, June 27th. Finally, Societe Generale downgraded shares of Britvic Plc to a “hold” rating and cut their price objective for the company from GBX 870 ($11.36) to GBX 700 ($9.14) in a report on Monday, June 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Britvic Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 701.87 ($9.16).
Shares of Britvic Plc (LON:BVIC) traded down 1.09% during mid-day trading on Friday, hitting GBX 590.50. The company had a trading volume of 913,057 shares. The firm has a 50-day moving average price of GBX 631.83 and a 200 day moving average price of GBX 657.05. The firm’s market capitalization is GBX 1.55 billion. Britvic Plc has a 52-week low of GBX 570.50 and a 52-week high of GBX 740.50.
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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