JPMorgan Chase & Co. Reiterates Overweight Rating for Britvic (LON:BVIC)

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Britvic (LON:BVICFree Report) in a research report released on Thursday, Marketbeat reports.

A number of other research firms also recently issued reports on BVIC. Numis Securities reiterated a hold rating and set a GBX 900 ($11.44) price objective on shares of Britvic in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Britvic in a research report on Tuesday, April 30th. They set a buy rating and a GBX 1,040 ($13.22) price target for the company.

Get Our Latest Analysis on Britvic

Britvic Stock Up 2.0 %

LON:BVIC opened at GBX 1,005 ($12.77) on Thursday. The company has a debt-to-equity ratio of 183.33, a quick ratio of 0.73 and a current ratio of 0.98. The company has a market cap of £2.51 billion, a PE ratio of 2,093.75, a PEG ratio of 1.90 and a beta of 0.64. Britvic has a 52-week low of GBX 770 ($9.79) and a 52-week high of GBX 1,025 ($13.03). The stock has a 50-day simple moving average of GBX 870.61 and a 200 day simple moving average of GBX 860.04.

Britvic Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.04%. Britvic’s dividend payout ratio (DPR) is presently 6,458.33%.

Britvic Company Profile

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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.

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