Shore Capital Reaffirms Hold Rating for Britvic (LON:BVIC)
Shore Capital reiterated their hold rating on shares of Britvic (LON:BVIC) in a research note published on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on BVIC. Royal Bank of Canada boosted their price objective on Britvic from GBX 900 ($11.84) to GBX 920 ($12.10) and gave the company a sector performer rating in a research note on Friday, November 29th. Barclays reiterated an equal weight rating on shares of Britvic in a research note on Wednesday, January 29th. Deutsche Bank reiterated a buy rating and set a GBX 1,100 ($14.47) price objective on shares of Britvic in a research note on Monday, February 3rd. Berenberg Bank reiterated a buy rating on shares of Britvic in a research note on Thursday, February 20th. Finally, Citigroup upgraded Britvic to a buy rating and boosted their price objective for the company from GBX 1,050 ($13.81) to GBX 1,070 ($14.08) in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 953.46 ($12.54).
LON:BVIC opened at GBX 650 ($8.55) on Monday. 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 52-week low of GBX 536 ($7.05) and a 52-week high of GBX 1,079 ($14.19). The firm has a market cap of $1.73 billion and a price-to-earnings ratio of 21.45. The business’s fifty day moving average is GBX 831.91 and its 200 day moving average is GBX 916.57.
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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