The superior returns of the UK's mid-cap market were in focus today when a City bank named Britvic (LSE:BVIC), McCarthy & Stone (LSE:MCS) and TalkTalk (LSE:TALK) among eight stocks to help continue that run.
Deutsche Bank also included Countryside Properties (LSE:CSP), Gamesys (LSE:GYS), GoCo (LSE:GOCO), Synthomer (LSE:SYNT) and Wizz Air (LSE:WIZZ) in a “balanced portfolio” for the first edition of its Top 8 Mid-Cap picks.
Deutsche also sees the recent underperformance of Britvic shares as an attractive buying opportunity, particularly as cash generation is accelerating and the drinks company continues to deliver attractive EPS growth. Shares have a 1,100p target, against the current 899p.
ii.co.uk |
Mail on Sunday: Soft drinks maker Britvic will overhaul its executive pay policy after being criticised for excessive bonuses ahead of its annual meeting. |
That's a 20% fall in the shareprice now in just 3 months.
Slightly concerning to say the least.
Have to wait until january 31st for the AGM and a trading update statement. Looking ominous though. |
7th jan Barclays 'equal weight' tp 940p cut from 1000p |
As world leaders meet for the UN Climate Change Conference in Madrid (COP25), Britvic has today announced new carbon emissions reduction targets to help tackle climate change. |
16th dec HSBC 'hold' .... tp 960p up from 950p |
Jefferies reiterates 'buy'... tp 1150p up from 1000p |
UBS RAISES BRITVIC PRICE TARGET TO 1030 (1010) PENCE - 'BUY' |
Citigroup upgrades from 'neutral' to 'buy' tp 1070p |
xd tomorrow morning for the 21.7p dividend. |
29th nov RBC sector perform tp 920p up from 900p |
28th nov Deutsche buy tp 1100p
28th nov UBS buy tp 1010p |
Investors Chronicle:
Despite a “challenging and uncertain environment” drinks giant Britvic (BVIC) performed well in the year to September 2019. Sales grew 1.4 per cent, while adjusted operating profits were up 4.4 per cent to £214m.
The group’s French business performed below expectations and management is in exclusive discussions to sell three of its juice manufacturing sites in the country to Refresco.
Buy. |
 Comment:
“Sales of Britvic’s low sugar and fruit-based beverages are a bright spot in the report,” said Ask Traders’ senior market analyst Steve Miley.
“This is an area we expect to see expand going forward given the current low sugar push in the UK and some European countries.”
Investors disappointed by the profit drop sold off shares in early trading, knocking Britvic’s share price 2.8 per cent lower to 957.5p. But Liberum advised shareholders to hold onto the stock.
“The guidance statement is light on the detail but we suspect consensus FY2020 to come down a few percentage points,” the brooker said.
“We are excited for Britvic’s free cash flow story to improve but believe it is priced into the shares.”
Chris Daly, chief executive of the Chartered Institute of Marketing, credited the firm’s refreshed marketing strategy for Robinsons with pushing UK revenue higher.
“The FTSE 250 company has a refreshed strategy focusing on key categories for growth including the launch of new products in the adult soft drink market,” he added, citing a marketing push for Pepsi Max.
“Although Coca-Cola has long been synonymous with the festive period, retailers may yet be persuaded to give Britvic’s cola brand a larger share of shelf space.”
CITY AM |
As I said earlier pete160 expect the price to be steady given the results. If there was any serious upside, we would see someone building a position before there was a chance of a bid. |
With the weakness of the pound and this blip in the road for BVIC if anyone is thinking of bidding I would think that now is the time for them to show themselves? |
Britvic profits lose fizz as UK sales flatten off
Britvic PLC (LON:BVIC) said sales of its fizzy and still drinks suffered due to worse summer weather in UK, as it mulls the disposal of key juice manufacturing sites in France.
The maker of J2O and Tango reported a 32% slump in full-year profits to £110.3mln as it absorbed extra costs related to the proposed French sale and from the closure of the Fruit Shoot operation in the US earlier in the year.
Revenues bubbled up 1.4% to £1.5bn in the year to the end of September as the FTSE 250-listed drinks company said “softer consumer demand” had hurt its main market, the UK, where volumes declined 1.3% against a tough comparison with last year's long hot summer.
Carbonated drinks declined less steeply this year as there was no repeat of the carbon dioxide shortage.
Sales in France were “particularly disappointing” in the second half, in part reflecting the introduction of the 'EGalim' law earlier in the year that increased prices for branded products and limited retailer margins.
proactiveinvestors.co.uk |
Looking like a big down :-S |
Steady results, I would expect little in the way of ups and downs this morning but you never know. |
From Citywire
Berenberg has upped its price target on Britvic (BVIC) ahead of Wednesday’s full-year results, as optimism over free cashflow drives its ‘buy’ rating on the stock.
Analyst Ned Hammond upped his price target on the shares from £10 to £10.60. The stock rose 2.2% to 979.5p on Friday. |
Downgrade..
++ LIBERUM CUTS BRITVIC TO 'HOLD' ('BUY') - TARGET 1000 (1050) PENCE ++ |
'Britvic launches dark spirits mixer'
30-Oct-2019
Soft drinks maker Britvic has developed a mixer to be used with dark spirits, which have been billed as a growing trend in the sector. |
More like... Deutsche 'Pump and Dump'?! |
11th oct Deutsche 'buy' tp 1100p.. up from 1050p |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
