Britvic (BVIC)

Sector:

Beverages

Index:

FTSE 250

821.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 936.00
  • 52 Week Low: 806.50
  • Currency: UK Pounds
  • Shares Issued: 249.48m
  • Volume: 24,008
  • Market Cap: £2,049.47m
  • RiskGrade: 126

Deutsche Bank downgrades Britvic to 'hold'

By Michele Maatouk

Date: Thursday 16 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank downgraded Britvic to 'hold' from 'buy' on Thursday as it said there is now insufficient upside to the shares to maintain a 'buy' stance.
The bank noted that Britvic shares are within 1% of its unchanged price target of 950p and have had a solid performance year to date.

Britvic's shares are up 15.6% YTD, outperforming the Stoxx 600 food and beverage index by 4.6%. The shares have also outperformed UK-listed soft drinks players Fever-Tree and CCH, but have underperformed Coca-Cola Europacific Partners.

Deutsche said the third-quarter trading update in July suggested the company continued to benefit from a reopening within GB, France and Brazil.

"At the same time, we note that Britvic - like most staples companies - is likely experiencing higher inputs, which it will need to offset with higher pricing," it added.

At 1345 BST, the shares were down 2.8% at 903p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Britvic Market Data

Currency UK Pounds
Share Price 821.50p
Change Today 0.50p
% Change 0.06 %
52 Week High 936.00
52 Week Low 806.50
Volume 24,008
Shares Issued 249.48m
Market Cap £2,049.47m
RiskGrade 126

Britvic Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.79% below the market average89.79% below the market average89.79% below the market average89.79% below the market average89.79% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Price Trend
1.71% above the market average1.71% above the market average1.71% above the market average1.71% above the market average1.71% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
31.31% above the market average31.31% above the market average31.31% above the market average31.31% above the market average31.31% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
35.18% below the market average35.18% below the market average35.18% below the market average35.18% below the market average35.18% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 2
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Britvic Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Dec-23 25-May-23
Paid 07-Feb-24 05-Jul-23
Amount 22.60p 8.20p

Trades for 28-Mar-2024

Time Volume / Share Price
10:50 125 @ 821.50p
10:49 1,000 @ 822.15p
10:47 46 @ 822.50p
10:47 18 @ 822.50p
10:46 1 @ 822.00p

Britvic Key Personnel

CEO Simon Litherland
CFO Rebecca Napier

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