As usual, a little overdone for ex div day. I expect it will recover some tomorrow. |
xd tomorrow morning for the 7.8p dividend |
I would think that 1030 is fair value. :) |
Berenberg cuts Britvic price target to 1,030 (1,080) pence - 'buy' |
RBC raises Britvic price target to 770 (720) pence - 'sector perform' |
Jefferies raises Britvic price target to 850 (800) pence - 'hold' |
Britvic plc posted interims this morning. The Group enjoyed another strong performance and announced the start of a £75m share buyback program. Revenues were up 18.5% to £719.3m, profit after tax was up 48.7% to £45.8m and adjusted EPS was up 27.8% to 19.4p. Business is recovering from COVID as are profits and EPS. Meanwhile valuation is attractive with forward PE ratio at 14 ranked 2nd best in the Beverages sector, dividend yield at 3.4% is top ranked. Share price has been in a correction since last August so share price lacks some momentum, is rebounding from early March lows. Profitability ratios are solid, net debt is a little high, but is easing lower. BVIC is a solid investment, but growth potential is modest, so not particularly spectacular. One to monitor....
...from WealthOracleAM |
Why down?🤔 |
Philanderer, does make you wonder what the market expectations were.Hopefully, later it will rise. |
OH, yes it should have. Maybe later. |
Share buybacks, great increase in profits, this should fizz this morning IMO |
Good results! |
very big buys today , may be some one knows what we dont ?? |
Interim results due tomorrow. |
Deutsche Bank cuts Britvic price target to 855 (885) pence - 'hold' |
BVIC advfn financials
Net Tangible Asset Value PS * 0.75 p
Net Debt 1,254.40 Million
free stock charts from uk.advfn.com |
Questor: Britvic’s growth and income potential gives soft drinks maker room to sparkle
Questor share tip: its evolving portfolio of brands, sound finances and attractive valuation make it an option for all manner of investors |
Following the success of the Robinsons 'Ready to Drink' launch last year, the brand is now proudly adding a third flavour to the line-up from March 2022: Blackberry & Blueberry.
The new addition to the range is full of the great taste of Robinsons, with no added sugar, and joins the already-popular Raspberry & Apple and Peach & Mango variants.
The new flavour will allow retailers to offer their shoppers even more variety when it comes to choosing soft drinks - with lower sugar variants that don't compromise on taste.
marketscreener.com |
JPMorgan cuts Britvic price target to 1,000 (1,120) pence - 'overweight' |
Kepler Cheuvreux cuts Britvic price target to 950 (1050) pence - 'buy' |
RBC cuts Britvic price target to 720 (890) pence - 'sector perform' |
Jefferies cuts Britvic price target to 800 (1150) pence - 'hold' |
03/14/2022 | 06:44am EDT
Britvic is committed to growing the fruit flavoured carbonates category with the launch of Tango Editions: a sugar free, rotational flavour series aiming to drive excitement for retailers and shoppers alike. It combines bold flavours, bold liquids and bold pack designs aimed at standing out on shelf and in the chiller.
New from the end of February, the first edition 'Berry Peachy' is a great tasting, Peach & Raspberry flavoured drink designed to tickle the tastebuds and deliver the ultimate in tangy refreshment. The new flavour is available in a variety of formats to help cater to the many shopper missions currently driving sales in the channel.
marketscreener.com |
Britvic : Aqua Libra adds sparkle with Blood Orange & Mango flavour |
Goldman Sachs raises Britvic price target to 940 (930) pence - 'neutral' |