Britvic (BVIC) Downgraded by Morgan Stanley to “Equal weight”

Britvic (LON:BVIC) was downgraded by equities researchers at Morgan Stanley to an “equal weight” rating in a research note issued on Tuesday. They presently have a GBX 900 ($11.76) target price on the stock, up from their prior target price of GBX 870 ($11.37). Morgan Stanley’s target price indicates a potential upside of 1.07% from the company’s current price.

BVIC has been the subject of a number of other research reports. Deutsche Bank reiterated a “buy” rating on shares of Britvic in a research report on Friday, October 19th. Shore Capital reissued a “hold” rating on shares of Britvic in a research note on Tuesday, October 23rd. UBS Group reaffirmed a “buy” rating and set a GBX 870 ($11.37) target price on shares of Britvic in a research report on Thursday, November 29th. Berenberg Bank boosted their target price on Britvic from GBX 900 ($11.76) to GBX 950 ($12.41) and gave the stock a “buy” rating in a research report on Friday, December 7th. Finally, Numis Securities reissued a “hold” rating and set a GBX 815 ($10.65) price target on shares of Britvic in a research report on Friday, December 14th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 867.55 ($11.34).

Shares of LON:BVIC opened at GBX 890.50 ($11.64) on Tuesday. Britvic has a one year low of GBX 633.50 ($8.28) and a one year high of GBX 839 ($10.96).

Britvic (LON:BVIC) last posted its quarterly earnings data on Thursday, November 29th. The company reported GBX 56.30 ($0.74) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 53.80 ($0.70) by GBX 2.50 ($0.03).

In other Britvic news, insider Mathew Dunn sold 31,530 shares of Britvic stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of GBX 854 ($11.16), for a total value of £269,266.20 ($351,843.98).

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. It also provides fruit juices, syrups, liquid concentrates, ready-to-drink nectar drinks, sodas, mixers, energy drinks, and flavored water.

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Analyst Recommendations for Britvic (LON:BVIC)

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