Britvic (LON:BVIC) Receives Overweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Britvic (LON:BVIC) in a research note released on Thursday, MarketBeat Ratings reports.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft initiated coverage on Britvic in a report on Tuesday, April 30th. They set a buy rating and a GBX 1,040 ($13.22) price target for the company. Numis Securities reaffirmed a hold rating and set a GBX 900 ($11.44) price target on shares of Britvic in a report on Thursday, April 11th.

Britvic Stock Up 2.0 %

Shares of LON BVIC opened at GBX 1,005 ($12.77) on Thursday. The company has a market capitalization of £2.49 billion, a price-to-earnings ratio of 1,970.59, a price-to-earnings-growth ratio of 1.90 and a beta of 0.62. The company has a debt-to-equity ratio of 253.32, a current ratio of 1.04 and a quick ratio of 0.73. The business has a 50-day moving average of GBX 870.61 and a two-hundred day moving average of GBX 860.10. Britvic has a 1 year low of GBX 770 ($9.79) and a 1 year high of GBX 1,025 ($13.03).

Britvic Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 9.50 ($0.12) per share. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 30th. Britvic’s dividend payout ratio (DPR) is currently 6,274.51%.

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.