Britvic (BVIC) Given Hold Rating at Shore Capital
BVIC has been the subject of a number of other research reports. Jefferies Group raised their price target on shares of Britvic from GBX 680 ($9.11) to GBX 750 ($10.04) and gave the company a hold rating in a report on Wednesday, October 11th. Whitman Howard reaffirmed a buy rating and issued a GBX 900 ($12.05) price objective on shares of Britvic in a research note on Tuesday, November 7th. Shore Capital Group cut shares of Britvic to a hold rating in a research note on Monday, November 13th. Citigroup reaffirmed a buy rating and issued a GBX 870 ($11.65) price objective on shares of Britvic in a research note on Tuesday, October 17th. Finally, J P Morgan Chase & Co raised their price objective on shares of Britvic from GBX 700 ($9.37) to GBX 760 ($10.18) and gave the company a neutral rating in a research note on Wednesday, November 1st. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 739 ($9.90).
Shares of Britvic (LON BVIC) traded down GBX 11.50 ($0.15) during trading on Wednesday, hitting GBX 799.50 ($10.71). 1,698,187 shares of the company were exchanged, compared to its average volume of 731,665. Britvic has a fifty-two week low of GBX 521 ($6.98) and a fifty-two week high of GBX 821.50 ($11.00).
Britvic (LON:BVIC) last issued its quarterly earnings results on Wednesday, November 29th. The company reported GBX 52.90 ($0.71) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 49.70 ($0.67) by GBX 3.20 ($0.04). The business had revenue of GBX 154.08 billion during the quarter. Britvic had a net margin of 5.10% and a return on equity of 25.84%.
Britvic plc is a United Kingdom-based soft drinks company. The Company operates in the soft drinks manufacturing and distribution industry. It operates through six segments: GB stills, GB carbs, Ireland, France, Brazil and International. The GB stills and GB carbs segments include its operations in the United Kingdom excluding Northern Ireland.
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