Britvic (LON:BVIC) Receives Buy Rating from Royal Bank of Canada

Britvic (LON:BVIC - Get Rating)'s stock had its "buy" rating reissued by investment analysts at Royal Bank of Canada in a report issued on Friday, MarketBeat reports. They currently have a GBX 935 ($10.99) target price on the stock. Royal Bank of Canada's target price points to a potential upside of 22.95% from the company's previous close.

BVIC has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Britvic from GBX 845 ($9.93) to GBX 830 ($9.75) and set a "hold" rating on the stock in a research report on Monday, September 12th. Barclays reaffirmed an "equal weight" rating and issued a GBX 960 ($11.28) price objective on shares of Britvic in a research report on Tuesday, October 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 981.25 ($11.53).

Britvic Stock Performance

BVIC stock opened at GBX 760.50 ($8.94) on Friday. The stock has a market capitalization of £1.99 billion and a PE ratio of 1,727.27. Britvic has a 12-month low of GBX 697.50 ($8.20) and a 12-month high of GBX 960 ($11.28). The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 145.50. The stock's 50 day simple moving average is GBX 745.45 and its 200 day simple moving average is GBX 797.05.

Insider Transactions at Britvic

In other news, insider Joanne Wilson sold 5,073 shares of the company's stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 780 ($9.17), for a total value of £39,569.40 ($46,497.53).

Britvic Company Profile

(Get Rating)

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

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