Britvic (LON:BVIC) Stock Price Up 14.8%

Britvic plc (LON:BVIC) shares traded up 14.8% during trading on Friday . The company traded as high as GBX 1,176 ($14.94) and last traded at GBX 1,165 ($14.80). 25,068,539 shares traded hands during mid-day trading, an increase of 3,709% from the average session volume of 658,140 shares. The stock had previously closed at GBX 1,015 ($12.90).

Analyst Upgrades and Downgrades

Several brokerages recently commented on BVIC. Deutsche Bank Aktiengesellschaft initiated coverage on Britvic in a research note on Tuesday, April 30th. They set a “buy” rating and a GBX 1,040 ($13.21) price objective on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Britvic in a research report on Thursday, May 23rd. Finally, Numis Securities reiterated a “hold” rating and issued a GBX 900 ($11.44) price objective on shares of Britvic in a research report on Thursday, April 11th.

Britvic Stock Performance

The stock’s 50-day moving average price is GBX 936.31 and its 200 day moving average price is GBX 879.47. The firm has a market cap of £2.71 billion, a P/E ratio of 2,145.10, a price-to-earnings-growth ratio of 1.90 and a beta of 0.62. The company has a debt-to-equity ratio of 253.32, a current ratio of 1.04 and a quick ratio of 0.73.

Britvic Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be issued a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, May 30th. This represents a yield of 1.04%. Britvic’s payout ratio is presently 6,274.51%.

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.