Market's view on Britvic
Published on April 2024
- Goldman Sachs issued a ‘Neutral’ rating with a target price of 910p for a company.
- Britvic introduced Tango Blast in an on-the-go format.
- Numis Securities reaffirmed their ‘hold’ rating on Britvic shares, setting a target price of 900 GBX.
- Discussion on the impact of price increases by FMCG companies on sales, with a specific interest in Britvic, considering potential product and market expansion.
- Concerns raised about the ongoing decline in share prices, identifying potential support levels.
- Excitement about new products from Robinsons expected to rejuvenate the stagnant share prices.
- Overview provided on Ireland’s Deposit Return Scheme for investors.
- The market performance shows a decline of -4% over a week, contrasting with overall market gains.
- Despite a strong market rally, share prices continued to fall, approaching 750p.
- Introduction of a new fruity flavour range by Rubicon Spring.
- Analyst from Third Bridge commented on Britvic’s recovery from raw material inflation and cost of living impacts and discussed competition and growth opportunities within the soft drinks market.
- Positive reactions to a company update, reinforcing confidence in long-term holding.
- Scheduled trading update announced.
- Morgan Stanley lowered the price target for Britvic Plc to 9.80 GBP.
- Discussion on the impact of a major supermarket chain in France discontinuing PepsiCo products due to high costs.
- JPMorgan raised Britvic’s price target to 1,100 pence, maintaining an ‘overweight’ rating.
- Insights on trading resilience of a company, despite cost of living pressures, with mentions of a stable trading outlook and increased annual dividends reflecting strong financial health and optimism about future prospects.