Britvic Plc (BVIC) Rating Reiterated by JPMorgan Chase & Co.
Britvic Plc (LON:BVIC)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a report released on Friday. They currently have a GBX 550 ($6.87) price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential downside of 2.74% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Numis Securities Ltd downgraded shares of Britvic Plc to an “add” rating and dropped their target price for the company from GBX 782 ($9.77) to GBX 722 ($9.02) in a research report on Friday, July 22nd. Goodbody reiterated a “buy” rating on shares of Britvic Plc in a research report on Tuesday, August 2nd. HSBC reiterated a “hold” rating and set a GBX 620 ($7.75) target price on shares of Britvic Plc in a research report on Thursday, August 11th. Barclays PLC reiterated an “overweight” rating and set a GBX 710 ($8.87) target price on shares of Britvic Plc in a research report on Friday, October 7th. Finally, Deutsche Bank AG lowered their price objective on shares of Britvic Plc from GBX 700 ($8.75) to GBX 600 ($7.50) and set a “hold” rating on the stock in a report on Monday, August 8th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Britvic Plc has a consensus rating of “Hold” and a consensus price target of GBX 699.20 ($8.74).
Britvic Plc (LON:BVIC) opened at 565.00 on Friday. The stock has a 50 day moving average of GBX 577.53 and a 200-day moving average of GBX 629.86. Britvic Plc has a 12 month low of GBX 553.00 and a 12 month high of GBX 740.50. The company’s market cap is GBX 1.48 billion.
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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