Deutsche Bank Raises Britvic (BVIC) Price Target to GBX 1,020
Britvic (LON:BVIC) had its target price lifted by Deutsche Bank from GBX 990 ($12.94) to GBX 1,020 ($13.33) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Britvic from GBX 730 ($9.54) to GBX 760 ($9.93) and gave the company a sector performer rating in a research report on Friday, December 21st. Morgan Stanley downgraded shares of Britvic to an equal weight rating and boosted their price objective for the company from GBX 870 ($11.37) to GBX 900 ($11.76) in a research report on Tuesday, February 12th. UBS Group boosted their price objective on shares of Britvic from GBX 870 ($11.37) to GBX 920 ($12.02) and gave the company a buy rating in a research report on Friday, January 11th. Barclays started coverage on shares of Britvic in a research report on Tuesday, April 2nd. They set an equal weight rating and a GBX 960 ($12.54) price objective for the company. Finally, Jefferies Financial Group boosted their price objective on shares of Britvic from GBX 850 ($11.11) to GBX 880 ($11.50) and gave the company a hold rating in a research report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Britvic presently has a consensus rating of Buy and a consensus price target of GBX 881.92 ($11.52).
Shares of BVIC stock opened at GBX 918 ($12.00) on Thursday. Britvic has a 1 year low of GBX 700.50 ($9.15) and a 1 year high of GBX 968.50 ($12.66). The company has a quick ratio of 0.69, a current ratio of 0.93 and a debt-to-equity ratio of 204.93. The firm has a market cap of $2.43 billion and a PE ratio of 20.82.
Britvic plc, together with its subsidiaries, manufactures, markets, and distributes soft drinks primarily in the United Kingdom, the Republic of Ireland, France, and Brazil. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.
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