Britvic (LON:BVIC) Shares Up 14.8%

Britvic plc (LON:BVIC)’s share price shot up 14.8% during trading on Friday . The stock traded as high as GBX 1,176 ($14.94) and last traded at GBX 1,165 ($14.80). 25,068,539 shares traded hands during mid-day trading, an increase of 3,709% from the average session volume of 658,140 shares. The stock had previously closed at GBX 1,015 ($12.90).

Wall Street Analyst Weigh In

Several research firms have recently commented on BVIC. Numis Securities reaffirmed a “hold” rating and issued a GBX 900 ($11.44) target price on shares of Britvic in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Britvic in a research note on Tuesday, April 30th. They issued a “buy” rating and a GBX 1,040 ($13.21) price target for the company. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Britvic in a research note on Thursday, May 23rd.

Britvic Trading Up 12.1 %

The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 253.32. The firm has a market capitalization of £2.81 billion, a P/E ratio of 1,990.20, a PEG ratio of 1.90 and a beta of 0.62. The firm has a 50 day moving average of GBX 930.95 and a 200-day moving average of GBX 877.36.

Britvic Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 30th will be paid a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.04%. The ex-dividend date of this dividend is Thursday, May 30th. Britvic’s payout ratio is presently 6,274.51%.

Britvic Company Profile

Britvic plc, together with its subsidiaries, manufactures, markets, distributes, and sells soft drinks in the United Kingdom, the Republic of Ireland, France, Brazil, and internationally. It provides fruit juices, syrups, squash, mineral water, sodas, mixers, and energy and flavored drinks. The company supplies water-coolers and bottled water; offers pension funding and financing services; and designs, installs, as well as engages in maintenance of integrated tap related solutions.