The Britvic Plc (BVIC) Given Average Recommendation of “Buy” by Brokerages

The Britvic Plc (BVIC) Given Average Recommendation of “Buy” by Brokerages

Britvic Plc (LON:BVIC) has been given a consensus recommendation of “Buy” by the eighteen brokerages that are presently covering the stock. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 683.87 ($8.25).

A number of equities analysts have commented on the stock. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 810 ($9.77) price objective on shares of Britvic Plc in a research report on Thursday, December 1st. HSBC restated a “hold” rating and set a GBX 625 ($7.54) price objective on shares of Britvic Plc in a research report on Thursday, December 1st. Goodbody restated a “buy” rating on shares of Britvic Plc in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. upped their price objective on shares of Britvic Plc from GBX 580 ($7.00) to GBX 585 ($7.06) and gave the stock a “neutral” rating in a research report on Friday, January 6th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 710 ($8.57) price objective on shares of Britvic Plc in a research report on Thursday, December 1st.

Britvic Plc (LON:BVIC) opened at 591.00 on Friday. Britvic Plc has a 52-week low of GBX 521.00 and a 52-week high of GBX 738.00. The firm’s market capitalization is GBX 1.55 billion. The company’s 50-day moving average is GBX 565.22 and its 200-day moving average is GBX 594.65.

The company also recently declared a dividend, which will be paid on Friday, February 3rd. Shareholders of record on Thursday, December 8th will be paid a dividend of GBX 17.50 ($0.21) per share. This is a boost 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.

In other news, insider Simon Litherland purchased 11,479 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were bought at an average cost of GBX 553 ($6.67) per share, with a total value of £63,478.87 ($76,582.06). Insiders have acquired a total of 11,548 shares of company stock worth $6,386,656 over the last ninety days.

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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