Britvic (BVIC) Price Target Cut to GBX 761 by Analysts at Goldman Sachs Group

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Britvic (LON:BVIC) had its price target lowered by Goldman Sachs Group from GBX 765 ($9.87) to GBX 761 ($9.82) in a research note published on Thursday. The firm currently has a neutral rating on the stock.

BVIC has been the topic of a number of other reports. Societe Generale upgraded Britvic to a buy rating and upped their price target for the stock from GBX 680 ($8.77) to GBX 945 ($12.19) in a research note on Thursday, May 24th. Shore Capital upgraded Britvic to a buy rating in a research note on Wednesday, May 23rd. Citigroup restated a buy rating and set a GBX 870 ($11.22) price target on shares of Britvic in a research note on Tuesday, May 22nd. Deutsche Bank restated a buy rating on shares of Britvic in a research note on Friday, July 20th. Finally, Berenberg Bank upgraded Britvic to a buy rating and upped their price target for the stock from GBX 725 ($9.35) to GBX 900 ($11.61) in a research note on Thursday, May 31st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of GBX 853.91 ($11.02).

Britvic stock traded down GBX 6 ($0.08) during mid-day trading on Thursday, hitting GBX 805 ($10.38). The company’s stock had a trading volume of 306,880 shares, compared to its average volume of 919,319. Britvic has a 1 year low of GBX 633.50 ($8.17) and a 1 year high of GBX 839 ($10.82).

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. The company offers soft drinks comprising sparkling sodas, juice drinks, ice tea, squash, syrups, mineral water, mixers, energy drinks, liquid concentrates, and ready-to-drink nectar drinks under the 7Up, Ballygowan, Britvic, C&C, Club Mixers, Club Orange, DaFruta, Drench, Energise Sport, Fruit Shoot, Gatorade, J2O, Lipton, Maguary, MiWadi, Mountain Dew, Pepsi Max, Purdey's, R Whites, Robinsons, Tango, Teisseire, TK, Fruité, Moulin de Valdonne, and Pressade brands.

Further Reading: Book Value Per Share – BVPS

Analyst Recommendations for Britvic (LON:BVIC)

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