Deutsche Bank Aktiengesellschaft Begins Coverage on Britvic (LON:BVIC)

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Britvic (LON:BVIC) in a report released on Tuesday, Digital Look reports. The firm set a “buy” rating and a GBX 1,040 ($13.06) price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 17.58% from the stock’s previous close.

Separately, Numis Securities restated a “hold” rating and issued a GBX 900 ($11.31) price target on shares of Britvic in a research note on Thursday, April 11th.

Britvic Stock Up 1.1 %

LON BVIC traded up GBX 10 ($0.13) during mid-day trading on Tuesday, reaching GBX 884.50 ($11.11). 586,872 shares of the company’s stock traded hands, compared to its average volume of 446,397. The company has a fifty day simple moving average of GBX 840.72 and a 200-day simple moving average of GBX 846.29. Britvic has a 1-year low of GBX 770 ($9.67) and a 1-year high of GBX 950 ($11.93). The company has a market cap of £2.21 billion, a price-to-earnings ratio of 1,842.71, a P/E/G ratio of 1.90 and a beta of 0.64. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 183.33.

Britvic Company Profile

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 provides fruit juices, syrups, squash, mineral water, sodas, mixers, and energy and flavored drinks. The company supplies water-coolers and bottled water; offers pension funding and financing services; and designs, installs, as well as engages in maintenance of integrated tap related solutions.