Britvic plc (LON:BVIC) Raises Dividend to GBX 21.20 Per Share

Britvic plc (LON:BVICGet Rating) declared a dividend on Wednesday, November 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 22nd will be given a dividend of GBX 21.20 ($0.25) per share on Wednesday, February 8th. This represents a yield of 2.76%. The ex-dividend date is Thursday, December 22nd. This is an increase from Britvic’s previous dividend of $7.80. The official announcement can be viewed at this link.

Britvic Price Performance

Shares of LON:BVIC opened at GBX 799.50 ($9.45) on Wednesday. Britvic has a 1-year low of GBX 697.50 ($8.25) and a 1-year high of GBX 960 ($11.35). The company has a debt-to-equity ratio of 145.50, a current ratio of 1.05 and a quick ratio of 0.70. The business has a fifty day moving average price of GBX 743.42 and a 200-day moving average price of GBX 795.34. The company has a market capitalization of £2.09 billion and a PE ratio of 1,792.62.

Analysts Set New Price Targets

BVIC has been the topic of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and set a GBX 960 ($11.35) price objective on shares of Britvic in a research report on Tuesday, October 18th. Royal Bank of Canada reissued a “buy” rating and issued a GBX 935 ($11.06) target price on shares of Britvic in a research report on Friday, November 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Britvic from GBX 845 ($9.99) to GBX 830 ($9.81) and set a “hold” rating on the stock in a research report on Monday, September 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 981.25 ($11.60).

Insider Activity

In other news, insider Joanne Wilson sold 5,073 shares of Britvic stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 780 ($9.22), for a total transaction of £39,569.40 ($46,788.93). Insiders have purchased a total of 60 shares of company stock valued at $45,440 in the last ninety days.

About Britvic

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Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It also provides fruit juices, syrups, squash, mineral water, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, and energy and flavored drinks.

Further Reading

Dividend History for Britvic (LON:BVIC)

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