Trading Report: The Britvic Plc (BVIC) Upgrade at JPMorgan Chase & Co.

The Britvic Plc (BVIC) Upgrade at JPMorgan Chase & Co.

Britvic Plc (LON:BVIC) was upgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Wednesday. The brokerage presently has a GBX 550 ($6.87) price objective on the stock, down from their prior price objective of GBX 590 ($7.37). JPMorgan Chase & Co.’s target price would suggest a potential downside of 2.40% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Jefferies Group restated a “hold” rating and set a GBX 650 ($8.12) price target on shares of Britvic Plc in a research report on Monday, October 17th. Barclays PLC reiterated an “overweight” rating and issued a GBX 710 ($8.87) target price on shares of Britvic Plc in a report on Friday, October 7th. Royal Bank Of Canada reiterated a “sector performer” rating and issued a GBX 640 ($8.00) target price on shares of Britvic Plc in a report on Friday, September 9th. Berenberg Bank decreased their target price on shares of Britvic Plc from GBX 850 ($10.62) to GBX 775 ($9.68) and set a “buy” rating on the stock in a report on Friday, August 12th. Finally, HSBC reiterated a “hold” rating and issued a GBX 620 ($7.75) target price on shares of Britvic Plc in a report on Thursday, August 11th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 694.53 ($8.68).

Britvic Plc (LON:BVIC) traded up 0.985663% during trading on Wednesday, hitting GBX 562.968018. 607,957 shares of the stock were exchanged. The stock’s 50 day moving average price is GBX 568.03 and its 200 day moving average price is GBX 622.22. The stock’s market cap is GBX 1.48 billion. Britvic Plc has a 12 month low of GBX 553.00 and a 12 month high of GBX 740.50.

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