Britvic (LON:BVIC) had its price objective reduced by Citigroup from GBX 900 ($11.84) to GBX 880 ($11.58) in a research report report published on Tuesday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
Several other research firms have also weighed in on BVIC. Barclays reduced their target price on shares of Britvic from GBX 940 ($12.37) to GBX 770 ($10.13) and set an equal weight rating on the stock in a report on Monday. HSBC restated a hold rating on shares of Britvic in a report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of Britvic from GBX 1,065 ($14.01) to GBX 875 ($11.51) and set an overweight rating on the stock in a report on Tuesday, March 17th. Shore Capital restated a hold rating on shares of Britvic in a report on Monday. Finally, UBS Group lifted their target price on shares of Britvic from GBX 1,010 ($13.29) to GBX 1,030 ($13.55) and gave the company a buy rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 953.46 ($12.54).
LON:BVIC opened at GBX 663.50 ($8.73) on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.57 and a debt-to-equity ratio of 166.68. The firm has a market capitalization of $1.74 billion and a price-to-earnings ratio of 21.90. The firm’s fifty day simple moving average is GBX 826.77 and its 200 day simple moving average is GBX 915.58. Britvic has a twelve month low of GBX 536 ($7.05) and a twelve month high of GBX 1,079 ($14.19).
In related news, insider Simon Litherland sold 6,242 shares of Britvic stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of GBX 941 ($12.38), for a total transaction of £58,737.22 ($77,265.48). Insiders have purchased a total of 42 shares of company stock worth $37,201 in the last ninety days.
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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