Berenberg Bank Cuts Britvic (LON:BVIC) Price Target to GBX 1,030

Britvic (LON:BVICGet Rating) had its price target cut by Berenberg Bank from GBX 1,080 ($13.59) to GBX 1,030 ($12.96) in a research note published on Monday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

BVIC has been the topic of several other reports. Barclays restated an equal weight rating and set a GBX 960 ($12.08) price objective on shares of Britvic in a research note on Monday, January 31st. JPMorgan Chase & Co. restated an overweight rating on shares of Britvic in a research note on Wednesday, May 18th. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 720 ($9.06) target price on shares of Britvic in a report on Wednesday, May 4th. Morgan Stanley reaffirmed an equal weight rating and set a GBX 985 ($12.39) target price on shares of Britvic in a report on Sunday, April 24th. Finally, Citigroup reaffirmed a buy rating and set a GBX 1,060 ($13.34) target price on shares of Britvic in a report on Wednesday, January 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Buy and an average price target of GBX 957.50 ($12.05).

Britvic stock opened at GBX 822.50 ($10.35) on Monday. The firm has a market capitalization of £2.20 billion and a PE ratio of 21.31. The company’s 50-day moving average is GBX 826.39 and its 200-day moving average is GBX 864.98. Britvic has a fifty-two week low of GBX 716.54 ($9.02) and a fifty-two week high of GBX 1,018 ($12.81). The company has a debt-to-equity ratio of 155.79, a current ratio of 1.08 and a quick ratio of 0.77.

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Thursday, May 26th will be issued a GBX 7.80 ($0.10) dividend. This represents a yield of 0.91%. The ex-dividend date is Thursday, May 26th. Britvic’s dividend payout ratio is currently 0.73%.

About Britvic (Get Rating)

Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, and energy and flavored drinks.

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