Britvic Plc (BVIC) Price Target Increased to GBX 580 by Analysts at JPMorgan Chase & Co.
Britvic Plc (LON:BVIC) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from GBX 550 ($6.82) to GBX 580 ($7.20) in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 1.49% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Goodbody reaffirmed a “buy” rating on shares of Britvic Plc in a report on Wednesday. Berenberg Bank decreased their target price on shares of Britvic Plc from GBX 850 ($10.54) to GBX 775 ($9.61) and set a “buy” rating for the company in a report on Friday, August 12th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 810 ($10.05) target price on shares of Britvic Plc in a report on Thursday. Jefferies Group started coverage on shares of Britvic Plc in a report on Tuesday, September 13th. They issued a “hold” rating and a GBX 650 ($8.06) target price for the company. Finally, HSBC reaffirmed a “hold” rating and issued a GBX 620 ($7.69) target price on shares of Britvic Plc in a report on Thursday, August 11th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 698.20 ($8.66).
Britvic Plc (LON:BVIC) opened at 555.25 on Thursday. The company has a 50-day moving average of GBX 566.40 and a 200 day moving average of GBX 619.77. The company’s market capitalization is GBX 1.46 billion. Britvic Plc has a 12-month low of GBX 553.00 and a 12-month high of GBX 740.50.
The company also recently declared a dividend, which will be paid on Friday, February 3rd. Shareholders of record on Thursday, December 8th will be given a GBX 17.50 ($0.22) dividend. This is a positive change from Britvic Plc’s previous dividend of $7.00. This represents a dividend yield of 3.06%. The ex-dividend date is Thursday, December 8th.
About Britvic Plc
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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