Britvic (LON:BVIC) Shares Cross Above Two Hundred Day Moving Average of $848.84

Britvic plc (LON:BVIC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 848.84 ($10.66) and traded as high as GBX 900 ($11.31). Britvic shares last traded at GBX 897 ($11.27), with a volume of 236,749 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BVIC. Numis Securities restated a “hold” rating and set a GBX 900 ($11.31) price target on shares of Britvic in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Britvic in a report on Tuesday, April 30th. They issued a “buy” rating and a GBX 1,040 ($13.07) target price on the stock.

Britvic Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 183.33. The firm has a market capitalization of £2.27 billion, a PE ratio of 1,881.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.64. The business has a 50-day moving average of GBX 841.70 and a 200 day moving average of GBX 848.84.

Britvic Company Profile

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 provides fruit juices, syrups, squash, mineral water, sodas, mixers, and energy and flavored drinks. The company supplies water-coolers and bottled water; offers pension funding and financing services; and designs, installs, as well as engages in maintenance of integrated tap related solutions.