Britvic Plc (BVIC) Price Target Increased to GBX 580 by Analysts at JPMorgan Chase & Co.
Britvic Plc (LON:BVIC) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from GBX 550 ($6.82) to GBX 580 ($7.20) in a report released on Thursday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 1.49% from the stock’s previous close.
Several other equities analysts have also weighed in on the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 710 ($8.81) price objective on shares of Britvic Plc in a report on Friday, October 7th. Goodbody restated a “buy” rating on shares of Britvic Plc in a report on Wednesday. Jefferies Group lowered their target price on shares of Britvic Plc from GBX 650 ($8.06) to GBX 580 ($7.20) and set a “hold” rating on the stock in a report on Monday, November 21st. Royal Bank Of Canada restated a “sector performer” rating and issued a GBX 640 ($7.94) target price on shares of Britvic Plc in a report on Friday, September 9th. Finally, Berenberg Bank lowered their target price on shares of Britvic Plc from GBX 850 ($10.54) to GBX 775 ($9.61) and set a “buy” rating on the stock in a report on Friday, August 12th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 698.20 ($8.66).
Shares of Britvic Plc (LON:BVIC) opened at 555.25 on Thursday. Britvic Plc has a 12 month low of GBX 553.00 and a 12 month high of GBX 740.50. The firm’s 50-day moving average is GBX 566.40 and its 200 day moving average is GBX 619.77. The firm’s market capitalization is GBX 1.46 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, February 3rd. Investors of record on Thursday, December 8th will be issued a GBX 17.50 ($0.22) dividend. The ex-dividend date of this dividend is Thursday, December 8th. This is an increase from Britvic Plc’s previous dividend of $7.00. This represents a yield of 3.06%.
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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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