Britvic (LON:BVIC) Sets New 12-Month High on Analyst Upgrade

Shares of Britvic plc (LON:BVIC) reached a new 52-week high on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 1,080 to GBX 1,315. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Britvic traded as high as GBX 1,287 ($16.49) and last traded at GBX 1,262 ($16.16), with a volume of 3390182 shares traded. The stock had previously closed at GBX 1,264 ($16.19).

Several other analysts also recently commented on BVIC. JPMorgan Chase & Co. restated an “overweight” rating on shares of Britvic in a research note on Thursday, May 23rd. Numis Securities reiterated a “hold” rating and set a GBX 900 ($11.53) price target on shares of Britvic in a research note on Thursday, April 11th.

Insider Buying and Selling

In other Britvic news, insider Rebecca Napier sold 11,717 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of GBX 1,176 ($15.06), for a total transaction of £137,791.92 ($176,497.91). In the last quarter, insiders have purchased 48 shares of company stock valued at $44,492. 6.36% of the stock is owned by company insiders.

Britvic Trading Down 0.4 %

The firm’s fifty day moving average price is GBX 1,027.57 and its two-hundred day moving average price is GBX 911.65. The stock has a market cap of £3.11 billion, a P/E ratio of 2,464.71, a PEG 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 was paid on Friday, July 5th. Investors of record on Thursday, May 30th were given a GBX 9.50 ($0.12) dividend. The ex-dividend date was Thursday, May 30th. This represents a yield of 1.04%. Britvic’s dividend payout ratio (DPR) is presently 6,274.51%.

About Britvic

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.