JPMorgan Chase & Co. Reaffirms “Underweight” Rating for Britvic Plc (BVIC)
JPMorgan Chase & Co. reissued their underweight rating on shares of Britvic Plc (LON:BVIC) in a report published on Monday morning. JPMorgan Chase & Co. currently has a GBX 590 ($7.70) target price on the stock.
Several other research analysts have also recently weighed in on BVIC. Goldman Sachs Group Inc. decreased their price objective on shares of Britvic Plc from GBX 845 ($11.03) to GBX 810 ($10.57) and set a buy rating for the company in a report on Friday, July 22nd. Barclays PLC decreased their price objective on shares of Britvic Plc from GBX 775 ($10.12) to GBX 725 ($9.46) and set an overweight rating for the company in a report on Friday, July 8th. Berenberg Bank decreased their price objective on shares of Britvic Plc from GBX 850 ($11.10) to GBX 775 ($10.12) and set a buy rating for the company in a report on Friday, August 12th. BNP Paribas cut shares of Britvic Plc to a hold rating and set a GBX 700 ($9.14) price objective for the company. in a report on Monday, June 27th. Finally, Royal Bank Of Canada reissued a sector performer rating and set a GBX 640 ($8.35) price objective on shares of Britvic Plc in a report on Friday, September 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Britvic Plc currently has an average rating of Hold and an average price target of GBX 708 ($9.24).
Britvic Plc (LON:BVIC) opened at 628.50 on Monday. The company’s market capitalization is GBX 1.65 billion. The firm has a 50-day moving average of GBX 637.40 and a 200 day moving average of GBX 664.30. Britvic Plc has a one year low of GBX 570.50 and a one year high of GBX 740.50.
Britvic Plc Company Profile
Britvic Plc is a United Kingdom-based soft drinks company. The Company offers sparkling sodas, juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. The Company operates through five segments: GB stills, GB cards, Ireland, France and International. The Company manufactures, markets and sells its range of brands, including Pepsi, 7UP, Lipton Ice Tea and Mountain Dew.
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