Britvic’s (BVIC) Overweight Rating Reiterated at JPMorgan Chase & Co.

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

BVIC has been the topic of several other research reports. Numis Securities restated a hold rating and issued a GBX 900 ($11.44) price target on shares of Britvic in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft started coverage on Britvic in a report on Tuesday, April 30th. They set a buy rating and a GBX 1,040 ($13.22) price target on the stock.

Britvic Stock Performance

Britvic stock opened at GBX 1,005 ($12.77) on Thursday. The company has a market cap of £2.51 billion, a PE ratio of 2,093.75, a P/E/G ratio of 1.90 and a beta of 0.64. Britvic has a 12 month low of GBX 770 ($9.79) and a 12 month high of GBX 1,025 ($13.03). The company has a fifty day moving average price of GBX 870.61 and a two-hundred day moving average price of GBX 860.04. The company has a debt-to-equity ratio of 183.33, a current ratio of 0.98 and a quick ratio of 0.73.

Britvic Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be paid a GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, May 30th. This represents a yield of 1.04%. Britvic’s dividend payout ratio is currently 6,458.33%.

About Britvic

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.