UBS Group reaffirmed their buy rating on shares of Britvic (LON:BVIC) in a research report released on Monday, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently issued reports on BVIC. Investec raised shares of Britvic to a buy rating and increased their price objective for the stock from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a research report on Friday, May 24th. Barclays reissued an equal weight rating and set a GBX 1,000 ($13.07) price objective on shares of Britvic in a research report on Wednesday, July 17th. Berenberg Bank raised their target price on shares of Britvic from GBX 950 ($12.41) to GBX 1,000 ($13.07) and gave the company a buy rating in a research report on Wednesday, June 5th. Deutsche Bank reaffirmed a buy rating on shares of Britvic in a research report on Friday, July 26th. Finally, Citigroup downgraded shares of Britvic to a neutral rating in a research report on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 940.91 ($12.29).
Shares of BVIC stock opened at GBX 871 ($11.38) on Monday. The firm has a fifty day moving average of GBX 884.90 and a 200-day moving average of GBX 909. 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 12-month low of GBX 740.50 ($9.68) and a 12-month high of GBX 971 ($12.69). The company has a market capitalization of $2.31 billion and a price-to-earnings ratio of 19.57.
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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