Britvic: shares up after Berenberg upgrade
(CercleFinance.com) - Britvic shares have risen by up to 1.
3% on Friday, after Berenberg upgraded the British soft drinks maker from "hold" to "buy".
In a research note entitled "Starting to fizz", the German broker said it has also raised its target price for the share from 725 pence to 900 pence.
Britvic shares are currently up about 0.2% at 783.5 pence in early afternoon trading on the London Stock Exchange.
Britvic owns a portfolio of brands, including Tango, Teisseire, Fruité, Maguary and DaFruta, and also produces Pepsi, 7UP, SoBe and Mountain Dew drinks in GB and Ireland under exclusive agreements with PepsiCo.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3% on Friday, after Berenberg upgraded the British soft drinks maker from "hold" to "buy".
In a research note entitled "Starting to fizz", the German broker said it has also raised its target price for the share from 725 pence to 900 pence.
Britvic shares are currently up about 0.2% at 783.5 pence in early afternoon trading on the London Stock Exchange.
Britvic owns a portfolio of brands, including Tango, Teisseire, Fruité, Maguary and DaFruta, and also produces Pepsi, 7UP, SoBe and Mountain Dew drinks in GB and Ireland under exclusive agreements with PepsiCo.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.