Could Britvic Plc Crash Even More? The Stock Just Made 52-Week Low

 Could Britvic Plc Crash Even More? The Stock Just Made 52 Week Low

The stock of Britvic Plc (LON:BVIC) hit a new 52-week low and has GBX 511.55 target or 9.00% below today’s GBX 562.14 share price. The 6 months bearish chart indicates high risk for the GBX 1.48 billion company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 511.55 price target is reached, the company will be worth GBX 133.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 0.02% or GBX 0.14 on November 10, hitting GBX 562.14. About 920,972 shares traded hands. Britvic Plc (LON:BVIC) has declined 22.05% since April 12, 2016 and is downtrending. It has underperformed by 27.70% the S&P500.

Britvic Plc (LON:BVIC) Ratings Coverage

Out of 17 analysts covering Britvic PLC (LON:BVIC), 11 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 65% are positive. Britvic PLC has been the topic of 128 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Britvic Plc (LON:BVIC) rating on Thursday, March 17. Barclays Capital has “Overweight” rating and GBX 825 price target. HSBC maintained Britvic Plc (LON:BVIC) on Thursday, January 28 with “Hold” rating. The stock of Britvic Plc (LON:BVIC) earned “Underweight” rating by JP Morgan on Friday, July 22. The firm has “Buy” rating given on Wednesday, November 25 by UBS. The rating was maintained by Citigroup on Monday, January 11 with “Buy”. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. The rating was maintained by Goodbody on Wednesday, January 27 with “Buy”. The stock of Britvic Plc (LON:BVIC) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 8. Numis Securities downgraded Britvic Plc (LON:BVIC) rating on Thursday, March 17. Numis Securities has “Add” rating and GBX 808 price target. As per Thursday, November 26, the company rating was maintained by Goldman Sachs.

Britvic Plc is a United Kingdom-based soft drinks company. The company has a market cap of 1.48 billion GBP. The Firm offers sparkling sodas, juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. It has a 13.63 P/E ratio. The Firm operates through five divisions: GB stills, GB cards, Ireland, France and International.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment