Deutsche Bank Reiterates “Buy” Rating for Britvic (LON:BVIC)

Deutsche Bank restated their buy rating on shares of Britvic (LON:BVIC) in a research report report published on Monday morning, Digital Look reports. The brokerage currently has a GBX 1,050 ($13.72) price target on the stock.

Several other brokerages have also weighed in on BVIC. Berenberg Bank reaffirmed a sell rating and issued a GBX 600 ($7.84) target price on shares of in a research report on Wednesday, June 5th. Numis Securities lowered AJ Bell to a reduce rating in a research report on Thursday, May 23rd. HSBC set a $46.00 target price on Aqua America and gave the stock a buy rating in a research report on Friday, June 28th. UBS Group lowered CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a research report on Monday, May 20th. Finally, Shore Capital reaffirmed a hold rating on shares of in a research report on Monday, June 3rd. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Britvic presently has a consensus rating of Hold and a consensus price target of GBX 940.58 ($12.29).

BVIC stock traded down GBX 7.50 ($0.10) during mid-day trading on Monday, hitting GBX 881.50 ($11.52). The stock had a trading volume of 443,541 shares, compared to its average volume of 919,319. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 207.23. Britvic has a 1-year low of GBX 740.50 ($9.68) and a 1-year high of GBX 968.50 ($12.66). The business’s fifty day moving average price is GBX 900.45. The stock has a market cap of $2.34 billion and a PE ratio of 19.81.

The business also recently declared a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, May 30th will be paid a dividend of GBX 8.30 ($0.11) per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 0.89%. Britvic’s dividend payout ratio (DPR) is presently 0.65%.

About Britvic

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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Analyst Recommendations for Britvic (LON:BVIC)

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