Britvic (LON:BVIC) Given Buy Rating at Deutsche Bank

Deutsche Bank reissued their buy rating on shares of Britvic (LON:BVIC) in a report released on Monday morning, Digital Look reports. They currently have a GBX 1,050 ($13.72) target price on the stock.

Several other brokerages have also recently weighed in on BVIC. Barclays lifted their price objective on Coupa Software from $95.00 to $101.00 and gave the company an equal weight rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Goldman Sachs Group raised Lenovo Group from a neutral rating to a buy rating in a report on Thursday, May 23rd. They noted that the move was a valuation call. Investec raised Britvic to a buy rating and lifted their price objective for the company from GBX 875 ($11.43) to GBX 1,025 ($13.39) in a report on Friday, May 24th. Royal Bank of Canada reaffirmed a buy rating on shares of PrairieSky Royalty in a report on Friday, May 24th. Finally, HSBC set a $46.00 price objective on Aqua America and gave the company a buy rating in a report on Friday, June 28th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 940.58 ($12.29).

Shares of LON BVIC opened at GBX 881.50 ($11.52) on Monday. The firm has a market cap of $2.34 billion and a PE ratio of 19.81. The company has a debt-to-equity ratio of 207.23, a current ratio of 0.79 and a quick ratio of 0.57. The firm has a fifty day moving average of GBX 899.56. Britvic has a fifty-two week low of GBX 740.50 ($9.68) and a fifty-two week high of GBX 968.50 ($12.66).

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, May 30th will be issued a dividend of GBX 8.30 ($0.11) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.89%. Britvic’s dividend payout ratio (DPR) is currently 0.65%.

Britvic Company Profile

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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