Britvic, which owns the Ballygowan spring water brand, says it is “examining strategic options” for its Counterpoint wholesaler supplier of beverages to Irish pubs, the Sunday Independent reports. Britvic told analysts that the Irish unit is a “margin drag” and confirmed to the paper that it is “challenged” and a review has already begun. |
RBC CUTS BRITVIC PRICE TARGET TO 1,030 (1,070) PENCE - 'OUTPERFORM' |
Telegraph..
Britvic shares fell 3p to 816.5p following a Deutsche Bank note, which kept the soft-drinks maker at a “buy” rating, but said better investment opportunities lay among spirits. |
I must admit I've not looked in detail but it seems that the Bvic share price is supported on market down days but held back on market up days - and I just wonder if there is something going on here in the background?After all they'll unlikely be a better time for someone to come and offer for it. |
DEUTSCHE BANK RAISES BRITVIC PRICE TARGET TO 955 (900) PENCE - 'BUY'
GOLDMAN SACHS RAISES BRITVIC PRICE TARGET TO 930 (910) PENCE - 'NEUTRAL'
BARCLAYS RAISES BRITVIC PRICE TARGET TO 820 (770) PENCE - 'EQUAL WEIGHT' |
It's currently heading that way. The direction of travel is definitely up given the recent good news. |
JP Morgan ups tp to 950p. Overweight |
City snapshot: Britvic confident in recovery after sales and profits plummet in lockdown |
Soft drinks maker Britvic was also in the black after it reported a small rise in full-year pre-tax profit as lower costs helped to offset a revenue decline, as its out-of-home segment was dented by the Covid-19 crisis.
ADVFN market report.
I'll continue to hold :-) |
The results are almost spot on expectations I saw yesterday so should be no shocks to the share price today. Dividend to be paid at the reduced rate hence profits up. |
Results on thursday |
HSBC RAISES BRITVIC PRICE TARGET TO 830 (800) PENCE - 'HOLD' |
Britvic appoints new commercial sustainability director |
Lockdown, pubs and restaurants. |
RBC RAISES BRITVIC PRICE TARGET TO 1,070 (1,050) PENCE - 'OUTPERFORM' |
UBS RAISES BRITVIC PRICE TARGET TO 900 (880) PENCE - 'BUY' |
Slept in this morning, just seen it. Excellent :-) |
Ahead of profit consensus and signing of new 20 year deal with Pepsi , all great news. Expect a steady climb from here IMO |
Britvic PLC Sponsored ADR (BTVCY) Upgraded to Buy
Britvic PLC Sponsored ADR (BTVCY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
finance.yahoo.com/ |
Questor: if you want a firm that will survive a second lockdown, Britvic ticks many boxes
Questor share tip: its familiar brands and modest levels of debt should see the soft drinks maker through the worst |
Still out of favour. |
Britvic not such a juicy pick after barren summer
Friday October 02 2020, 12.01am, The Times
Being on Goldman Sachs’ “buy list” isn’t all it’s cracked up to be. Just ask Britvic, the soft drinks maker. The company, which owns the Fruit Shoot and J2O brands, made it into Goldman’s exclusive club at the end of February, since when the shares have dropped nearly 10 per cent, even after a summer rally.
By comparison, the index that Goldman’s measures itself against is down only 3.7 per cent over that timeframe. The analysts reckon that the lockdown was particularly painful for Britvic given its exposure to bars and restaurants which had to shut.
Rubbing salt in the wound was the powerful bank’s decision to dump Britvic from its list of top stocks yesterday, which sent the shares down another 49p |
This one counts for nothing apparently...
CITIGROUP RAISES BRITVIC PRICE TARGET TO 930 (850) PENCE - 'BUY' |
Drop today down to..
GOLDMAN CUTS BRITVIC TO 'NEUTRAL' ('BUY') - TARGET 910 PENCE |
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