Deutsche Bank Aktiengesellschaft Initiates Coverage on Britvic (LON:BVIC)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Britvic (LON:BVIC - Free Report) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a GBX 1,040 ($13.06) price objective on the stock.

Separately, Numis Securities reissued a hold rating and issued a GBX 900 ($11.31) target price on shares of Britvic in a report on Thursday, April 11th.

Britvic Stock Up 1.1 %

Shares of Britvic stock traded up GBX 10 ($0.13) on Tuesday, reaching GBX 884.50 ($11.11). The company's stock had a trading volume of 505,521 shares, compared to its average volume of 446,397. The company has a market capitalization of £2.21 billion, a price-to-earnings ratio of 1,842.71, a P/E/G ratio of 1.90 and a beta of 0.64. The firm's fifty day simple moving average is GBX 840.72 and its two-hundred day simple moving average is GBX 846.29. Britvic has a 52 week low of GBX 770 ($9.67) and a 52 week high of GBX 950 ($11.93). The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 183.33.

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.