New Buy Rating Was Given to Britvic (LON:BVIC)

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Why Has Goodbody Given Britvic (LON:BVIC) a GBX 825 Price Target

The Investment firm Goodbody has today commenced coverage coverage on Britvic (LON:BVIC) shares, with a Buy rating, while stating the target price at GBX 825.

From a total of 12 analysts covering Britvic PLC (LON:BVIC) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 77% of the ratings are positive. The highest target price is GBX 900 while the lowest target price is GBX 700. The mean of all analyst targets is GBX 809.58 with a 14.15% above today’s (GBX 702) stock price. Britvic PLC was the topic of 54 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 4 with “Buy” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 775 target share price in a report from a November 26. RBC Capital Markets maintained BVIC stock in a recent report from November 27 with “Sector Performer” rating. Goldman Sachs maintained the rating on November 26. Goldman Sachs has a “Conviction Buy” rating and a GBX 833 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 26.

Approximately 96,838 shares of stock traded hands. Britvic Plc (LON:BVIC) has declined 7.43% since May 11, 2015 and is downtrending. It has underperformed by 6.84% the S&P500.

New Buy Rating Was Given to Britvic (LON:BVIC)

Britvic plc is a United Kingdom soft drinks company. The company has a market cap of 1.83 billion GBP. The Firm offers sparkling sodas, sophisticated juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. It has 17.08 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.

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