Britvic (LON:BVIC) Share Price Crosses Above 200 Day Moving Average of $777.74

Shares of Britvic plc (LON:BVIC – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 777.74 ($9.39) and traded as high as GBX 834 ($10.06). Britvic shares last traded at GBX 830.50 ($10.02), with a volume of 1,092,085 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays restated an “equal weight” rating and issued a GBX 950 ($11.46) target price on shares of Britvic in a report on Monday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 830 ($10.02) target price on shares of Britvic in a research report on Thursday, November 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a GBX 935 ($11.28) price objective on shares of Britvic in a research note on Friday, November 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 968.57 ($11.69).

Britvic Stock Performance

The firm has a market capitalization of £2.15 billion, a price-to-earnings ratio of 1,597.12, a PEG ratio of 1.90 and a beta of 0.71. The stock’s 50 day moving average price is GBX 788.24 and its two-hundred day moving average price is GBX 777.74. The company has a current ratio of 1.07, a quick ratio of 0.73 and a debt-to-equity ratio of 139.38.

Insider Activity at Britvic

In other Britvic news, insider Ian Durant acquired 3,075 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were purchased at an average cost of GBX 810 ($9.77) per share, with a total value of £24,907.50 ($30,056.11). In other Britvic news, insider Ian Durant acquired 3,075 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were purchased at an average cost of GBX 810 ($9.77) per share, with a total value of £24,907.50 ($30,056.11). Also, insider Simon Litherland sold 9,546 shares of the stock in a transaction dated Monday, December 5th. The shares were sold at an average price of GBX 811 ($9.79), for a total transaction of £77,418.06 ($93,421.09). In the last three months, insiders have acquired 3,131 shares of company stock valued at $2,535,550. Insiders own 1.08% of the company’s stock.

About Britvic

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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 also provides fruit juices, syrups, squash, mineral water, sodas, mixers, and energy and flavored drinks. The company offers its products under the 7UP, Aqua Libra, Ballygowan, Britvic, drench, Robinsons, Gatorade, J2O, Lipton, The London Essence, Mathieu Teisseire, Mountain Dew, Pepsi MAX, Plenish, Purdey's, Rockstar, R.