Royal Bank of Canada Reiterates Sector Perform Rating for Britvic (LON:BVIC)

Britvic (LON:BVICGet Rating)‘s stock had its “sector perform” rating restated by Royal Bank of Canada in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 720 ($8.99) price target on the stock. Royal Bank of Canada’s target price suggests a potential downside of 12.73% from the stock’s current price.

Several other equities research analysts have also recently weighed in on BVIC. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Britvic in a research note on Tuesday, February 8th. Berenberg Bank reissued a “buy” rating on shares of Britvic in a research report on Thursday, March 10th. Peel Hunt restated a “buy” rating and issued a GBX 1,050 ($13.12) price objective on shares of Britvic in a research note on Tuesday, April 12th. Citigroup reiterated a “buy” rating and set a GBX 1,060 ($13.24) target price on shares of Britvic in a research report on Wednesday, January 26th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Britvic in a research report on Tuesday, April 12th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 983.64 ($12.29).

Shares of LON BVIC opened at GBX 825 ($10.31) on Wednesday. The business has a 50-day moving average of GBX 812.63 and a two-hundred day moving average of GBX 872.32. The company has a market capitalization of £2.21 billion and a price-to-earnings ratio of 21.30. Britvic has a 1 year low of GBX 716.54 ($8.95) and a 1 year high of GBX 1,018 ($12.72). The company has a debt-to-equity ratio of 155.79, a current ratio of 1.08 and a quick ratio of 0.77.

Britvic Company Profile (Get Rating)

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.

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Analyst Recommendations for Britvic (LON:BVIC)

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