Citigroup Lowers Britvic (LON:BVIC) Price Target to GBX 880
Britvic (LON:BVIC) had its target price cut by equities research analysts at Citigroup from GBX 900 ($11.84) to GBX 880 ($11.58) in a research report issued on Tuesday, Stock Target Advisor reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price points to a potential upside of 35.38% from the company’s current price.
A number of other research firms have also weighed in on BVIC. Liberum Capital reissued a “hold” rating on shares of Britvic in a research note on Monday. Goldman Sachs Group lowered their price objective on Britvic from GBX 1,120 ($14.73) to GBX 1,000 ($13.15) and set a “buy” rating on the stock in a research note on Monday, March 16th. Shore Capital reissued a “hold” rating on shares of Britvic in a research note on Monday. Royal Bank of Canada boosted their price objective on Britvic from GBX 900 ($11.84) to GBX 920 ($12.10) and gave the stock a “sector performer” rating in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Britvic from GBX 1,065 ($14.01) to GBX 875 ($11.51) and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 953.46 ($12.54).
Shares of BVIC opened at GBX 650 ($8.55) on Tuesday. The company has a debt-to-equity ratio of 166.68, a quick ratio of 0.57 and a current ratio of 0.87. Britvic has a one year low of GBX 536 ($7.05) and a one year high of GBX 1,079 ($14.19). The stock has a market capitalization of $1.74 billion and a price-to-earnings ratio of 21.45. The stock has a 50 day moving average price of GBX 831.91 and a 200 day moving average price of GBX 916.57.
Britvic Company Profile
Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.
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