Britvic (LON:BVIC) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Britvic plc (LON:BVIC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,104.50 ($14.42) and traded as high as GBX 1,283 ($16.75). Britvic shares last traded at GBX 1,282 ($16.74), with a volume of 165,960 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Britvic from GBX 1,080 ($14.10) to GBX 1,315 ($17.17) and gave the company a “hold” rating in a research report on Tuesday, July 9th.

Britvic Stock Performance

The company has a market capitalization of £3.16 billion, a PE ratio of 2,513.73, a PEG ratio of 1.90 and a beta of 0.60. 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 business has a 50 day simple moving average of GBX 1,273.85 and a 200 day simple moving average of GBX 1,110.93.

About Britvic

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.