Britvic Plc (BVIC) Announces Dividend of GBX 17.50
Britvic Plc (LON:BVIC) announced a dividend on Wednesday, November 30th. Investors of record on Thursday, December 8th will be given a dividend of GBX 17.50 ($0.22) per share on Friday, February 3rd. This represents a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, December 8th. This is an increase from Britvic Plc’s previous dividend of $7.00. The official announcement can be viewed at this link.
Britvic Plc (LON:BVIC) traded up 4.29% during mid-day trading on Wednesday, hitting GBX 571.50. The company had a trading volume of 3,346,568 shares. The firm’s market capitalization is GBX 1.50 billion. Britvic Plc has a 1-year low of GBX 548.00 and a 1-year high of GBX 740.50. The company has a 50 day moving average of GBX 566.40 and a 200 day moving average of GBX 619.77.
Several research analysts have issued reports on the company. Berenberg Bank dropped their target price on Britvic Plc from GBX 850 ($10.54) to GBX 775 ($9.61) and set a “buy” rating for the company in a research report on Friday, August 12th. Royal Bank Of Canada restated a “sector performer” rating and set a GBX 640 ($7.94) target price on shares of Britvic Plc in a research report on Friday, September 9th. JPMorgan Chase & Co. upgraded Britvic Plc to a “neutral” rating and dropped their target price for the company from GBX 590 ($7.32) to GBX 550 ($6.82) in a research report on Wednesday, November 2nd. Barclays PLC restated an “overweight” rating and set a GBX 710 ($8.81) target price on shares of Britvic Plc in a research report on Wednesday, September 14th. Finally, Jefferies Group assumed coverage on Britvic Plc in a research report on Tuesday, September 13th. They set a “hold” rating and a GBX 650 ($8.06) target price for the company. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Britvic Plc presently has an average rating of “Hold” and an average target price of GBX 694.53 ($8.62).
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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