Britvic Plc (BVIC) Price Target Lowered to GBX 580 at Jefferies Group
Britvic Plc (LON:BVIC) had its price target lowered by Jefferies Group from GBX 650 ($8.12) to GBX 580 ($7.25) in a research note issued to investors on Monday morning. The firm currently has a hold rating on the stock.
A number of other brokerages have also recently issued reports on BVIC. JPMorgan Chase & Co. restated an underweight rating and set a GBX 590 ($7.37) price objective on shares of Britvic Plc in a report on Monday, July 25th. Goodbody restated a buy rating on shares of Britvic Plc in a report on Tuesday, August 2nd. HSBC restated a hold rating and set a GBX 620 ($7.75) price objective on shares of Britvic Plc in a report on Thursday, August 11th. Barclays PLC restated an overweight rating and set a GBX 710 ($8.87) price objective on shares of Britvic Plc in a report on Friday, October 7th. Finally, Deutsche Bank AG decreased their price objective on shares of Britvic Plc from GBX 700 ($8.75) to GBX 600 ($7.50) and set a hold rating for the company in a report on Monday, August 8th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 694.53 ($8.68).
Britvic Plc (LON:BVIC) traded up 1.96% during midday trading on Monday, reaching GBX 573.00. 243,897 shares of the company’s stock were exchanged. Britvic Plc has a 1-year low of GBX 553.00 and a 1-year high of GBX 740.50. The firm’s 50-day moving average is GBX 572.01 and its 200 day moving average is GBX 625.07. The stock’s market cap is GBX 1.50 billion.
Britvic Plc Company Profile
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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