The stock of Britvic Plc (LON:BVIC) hit a new 52-week low and has GBX 533.50 target or 7.00% below today’s GBX 573.66 share price. The 9 months bearish chart indicates high risk for the GBX 1.51 billion company. The 1-year low was reported on Nov, 30 by Barchart.com. If the GBX 533.50 price target is reached, the company will be worth GBX 105.70M 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 4.68% or GBX 25.66 on November 30, hitting GBX 573.66. About 3.35 million shares traded hands or 282.10% up from the average. Britvic Plc (LON:BVIC) has declined 22.16% since May 2, 2016 and is downtrending. It has underperformed by 27.39% 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 131 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Citigroup maintained the stock with “Buy” rating in Monday, January 11 report. Barclays Capital maintained the shares of BVIC in a report on Thursday, July 23 with “Overweight” rating. The firm earned “Buy” rating on Thursday, May 19 by Goodbody. The firm has “Hold” rating by Societe Generale given on Monday, June 27. The rating was maintained by Deutsche Bank on Friday, November 20 with “Hold”. The firm earned “Buy” rating on Friday, December 11 by Societe Generale. The firm has “Hold” rating by Jefferies given on Monday, November 21. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 21. Numis Securities maintained Britvic Plc (LON:BVIC) rating on Monday, August 3. Numis Securities has “Buy” rating and GBX 851 price target. Nomura maintained Britvic Plc (LON:BVIC) on Tuesday, August 4 with “Buy” rating.
Britvic Plc is a United Kingdom-based soft drinks company. The company has a market cap of 1.51 billion GBP. The Firm offers sparkling sodas, juice drinks, ice tea, squash, syrups, mineral waters, mixers and energy drinks. It has a 13.91 P/E ratio. The Firm operates through five divisions: GB stills, GB cards, Ireland, France and International.
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