Britvic (LON:BVIC) Stock Price Crosses Above 200 Day Moving Average of $946.55

Britvic plc (LON:BVIC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 946.55 ($12.24) and traded as high as GBX 1,266 ($16.37). Britvic shares last traded at GBX 1,266 ($16.37), with a volume of 1,436,408 shares traded.

Analysts Set New Price Targets

BVIC has been the subject of a number of research analyst reports. Numis Securities restated a “hold” rating and set a GBX 900 ($11.64) price objective on shares of Britvic in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Britvic from GBX 1,080 ($13.97) to GBX 1,315 ($17.01) and gave the stock a “hold” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Britvic in a research note on Thursday, May 23rd.

Britvic Price Performance

The business’s 50-day moving average price is GBX 1,108.73 and its 200 day moving average price is GBX 947.33. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 253.32. The company has a market capitalization of £3.13 billion, a P/E ratio of 2,482.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.62.

Britvic Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, May 30th were given a GBX 9.50 ($0.12) dividend. The ex-dividend date was Thursday, May 30th. This represents a dividend yield of 1.04%. Britvic’s dividend payout ratio (DPR) is currently 6,274.51%.

Insider Activity

In other news, insider Rebecca Napier sold 11,717 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of GBX 1,176 ($15.21), for a total value of £137,791.92 ($178,209.93). Over the last ninety days, insiders bought 42 shares of company stock worth $44,648. 6.36% of the stock is owned by company insiders.

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.