Britvic (LON:BVIC) Share Price Passes Above 200-Day Moving Average of $946.55

Britvic plc (LON:BVIC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Britvic from GBX 1,080 ($13.97) to GBX 1,315 ($17.01) and gave the stock a “hold” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Britvic in a research report on Thursday, May 23rd. Finally, Numis Securities reiterated a “hold” rating and issued a GBX 900 ($11.64) price target on shares of Britvic in a research report on Thursday, April 11th.

Britvic Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 253.32. The company has a fifty day moving average price of GBX 1,108.73 and a two-hundred day moving average price of GBX 947.33. The firm has a market cap of £3.13 billion, a P/E ratio of 2,482.35, a PEG ratio of 1.90 and a beta of 0.62.

Britvic Cuts Dividend

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

Insider Activity

In related news, insider Rebecca Napier sold 11,717 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of GBX 1,176 ($15.21), for a total transaction of £137,791.92 ($178,209.93). Insiders purchased 42 shares of company stock worth $44,648 in the last quarter. Corporate insiders own 6.36% of the company’s stock.

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.