It May Be Time to Sell Shares of Britvic (LON:BVIC) as HSBC Has Downgraded The Company

Share

Britvic (LON:BVIC) Receives a Downgrade

HSBC has just cut their rating on shares of Britvic (LON:BVIC) to a Hold and currently has a GBX 700.00 target on the stock. This was revealed to investors in recent note on Friday morning.

From a total of 11 analysts covering Britvic PLC (LON:BVIC) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 73% of the ratings are positive. The highest target price is GBX 880 while the lowest target price is GBX 700. The mean of all analyst targets is GBX 799.82 with a 12.18% above today’s (GBX 713) stock price. Britvic PLC was the topic of 52 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Sector Performer” rating. Goldman Sachs maintained shares with “Conviction Buy” rating and GBX 833 target share price in a report from a November 26. Barclays Capital maintained BVIC stock in a recent report from November 26 with “Overweight” rating. UBS maintained the rating on November 25. UBS has a “Buy” rating and a GBX 840 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a November 26.

The stock closed the day at GBX 713 during the previous session. It is up 1.52% since May 1, 2015 and is downtrending. It has underperformed by 0.63% the S&P500.

 It May Be Time to Sell Shares of Britvic (LON:BVIC) as HSBC Has Downgraded The Company

Britvic plc is a United Kingdom soft drinks company. The company has a market cap of 1.87 billion GBP. The Firm offers sparkling sodas, sophisticated juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. It has 17.35 P/E ratio. The Company’s brand portfolio in Great Britain includes Robinsons, Tango, J2O and Fruit Shoot with PepsiCo brands, such as Pepsi and 7UP.

COMMENTS: