Britvic’s (BVIC) “Buy” Rating Reiterated at Deutsche Bank

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

A number of other brokerages have also issued reports on BVIC. Goldman Sachs Group upgraded Lenovo Group from a neutral rating to a buy rating in a research report on Thursday, May 23rd. They noted that the move was a valuation call. UBS Group lowered CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a research report on Monday, May 20th. Investec upgraded Britvic to a buy rating and boosted their price target for the stock from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a research report on Friday, May 24th. Numis Securities lowered AJ Bell to a reduce rating in a research report on Thursday, May 23rd. Finally, Citigroup upgraded Copa from a neutral rating to a buy rating in a research report on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 940.58 ($12.29).

BVIC traded down GBX 7.50 ($0.10) during trading on Monday, reaching GBX 881.50 ($11.52). 443,541 shares of the company were exchanged, compared to its average volume of 919,319. The firm has a market capitalization of $2.34 billion and a PE ratio of 19.81. The business’s 50 day moving average price is GBX 900.45. The company has a debt-to-equity ratio of 207.23, a quick ratio of 0.57 and a current ratio of 0.79. Britvic has a 52 week low of GBX 740.50 ($9.68) and a 52 week high of GBX 968.50 ($12.66).

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