SOCGEN INITIATES BRITVIC WITH 'BUY' - TARGET 945 PENCE |
JEFFERIES RAISES BRITVIC PRICE TARGET TO 950 (850) PENCE - 'BUY' |
JPMORGAN RAISES BRITVIC PRICE TARGET TO 900 (850) PENCE - 'OVERWEIGHT' |
Read across from FEVR update. |
VIDEO
Britvic PLC sees acceleration in at-home channel sales lead by Pepsi-MAX in its carbonates portfolio
proactiveinvestors.co.uk/companies/news/926744/britvic-plc-sees-acceleration-in-at-home-channel-sales-lead-by-pepsi-max-in-its-carbonates-portfolio-926744.html |
England Rugby has today announced it has extended its partnership with Britvic Soft Drinks as their official soft drink partner until the end of the 2025/26 season. The new six-year deal sees the relationship continue to blossom with Britvic maintaining the exclusive pouring rights at Twickenham stadium. |
UBS RAISES BRITVIC PRICE TARGET TO 880 (840) PENCE - 'BUY' |
comments on the Britvic directors & AGM here: |
24th july RBC outperform tp 1050p up from 830p |
Shore Capital remains cautious over Britvic
Britvic (BVIC) has confirmed third quarter trading is challenging and Shore Capital says it is still too early to judge momentum or reinstate its forecasts on the drinks maker.
Analyst Darren Shirley reiterated his ‘hold’ recommendation on the shares, which were trading at 795p yesterday.
Trading has been in line with expectations but revenue year-to-date is down 5.1% and the group has reported ‘significant declines’ in third quarter sales.
‘We withdrew our Britvic forecasts from the market in mid-March 2020 as lockdown was enacted, and while it is helpful that third-quarter trading has been in line with management’s revised expectations, we do not yet have sufficient visibility at this stage to reintroduce forecasts,’ Shirley said. |
Q3 update much as expected.
ShoreCap hold - reiterates |
Britvic debuts spirits and mixer packs... |
9th july Goldmans buy tp 1220p up from 1180p
9th july UBS buy tp 840p up from 750p |
Kepler resumes coverage with 'buy' |
25 Jun 2020
Britvic is pleased to announce the appointment of Matt Swindall to the role of Chief Procurement Officer.
Matt has more than 20 years’ experience working for Coca-Cola, both for Coca-Cola Enterprises in Europe and the United States, and more recently for The Coca-Cola Company. During his career, Matt has held a series of roles in both procurement and supply chain operations.
Matt brings broad procurement experience gained in the direct, indirect and agricultural commodities segments. Most recently, he led Coca-Cola’s global procurement for plastics packaging and sweeteners. |
Britvic shares are inexpensive, says Jefferies
Britvic (BVIC) could add Rockstar energy drinks to its portfolio, which Jefferies says would add to the case for the inexpensive shares.
Analyst Elsa Hannar retained her ‘buy’ recommendation and target price of 850p on the stock after AG Barr lost its distribution agreement for Rockstar drinks, providing an opening for Britvic to snap up a contract for the brand. The shares fell 3.3% to 784.5p yesterday.
‘The potential addition of the Rockstar brand to the portfolio would increase exposure to the fast growth, high revenue per case energy segment where the company today under indexes,’ she said.
‘We estimate it would add 2% to Britvic volumes.’
She said the shares were ‘inexpensive, guidance is conservative, and we expect re-rating as markets reopen’. |
The rising share price of Britvic is reason enough to stay invested. It is proving to be a great performer in a challenging market. |
Share is overpriced it is better to sell at the peak now before stock crashes. International sales are losing money and uk branxh is losing 18million a month.
Bottled products are not performing, pubs are closed so no sales of London essence stock.
NO dividened so no incentive to stay in this stock. |
JEFFERIES RAISES BRITVIC PRICE TARGET TO 850 (800) PENCE - 'BUY' |
Thanks for sharing the article. Like you said it was going to be 50:50 on the divi but deferral has been well received, along with the result not having any nasty surprises in them |
Results well received so far today.
Liberum reiterates 'hold'
"While sales were broadly in line with our estimates, we were expecting Britvic to execute a mitigation strategy to remain free cash flow positive in the first half," analysts at Liberum commented.
"The company is deferring the decision on the dividend, which seems reasonable to us; however, we fear the surprises on tax and creditors could lead to temporary weakness in the shares."
proactiveinvestors.co.uk |
Dividend decision defered. |
Fifty fifty chance of a dividend being declared. As you said CB , BAG aren't paying a dividend. |
They stated the interim dividend is under review (on 23 March) and will either be recommended or postponed in the latest results, which will be published tomorrow. I think I read somewhere that out of home accounts for around 25% of sales and the announcement said they expect a £12m-£18m hit a month to EBITDA, which would imply they have already taken up to £36m hit over the two months. Let's hope an increase in retail sales is better than expected (today's share price rise seems promising at least). I know probably not the best comparison but AG Barr cut their dividend due to weak soft drinks performance, so I'm not holding my breath... |
Hi does anyone know if the dividend is being paid, reduced or suspended?Can't find any info to say it's not being paid |
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