Britvic: Berenberg maintains 'buy' rating
(CercleFinance.com) - Berenberg maintained its "buy" rating on Britvic this Wednesday, with a target price of 900 pence, saying the British soft drinks maker's portfolio is showing sings of "strength.
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"Britvic's recent trading update showed that it remains on track to meet market expectations for the year despite the impact that the carbon dioxide shortage had on production," the German broker said.
In addition, the stills portfolio achieved revenue growth in the UK over the past quarter - the first time in several years, Berenberg said.
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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.
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"Britvic's recent trading update showed that it remains on track to meet market expectations for the year despite the impact that the carbon dioxide shortage had on production," the German broker said.
In addition, the stills portfolio achieved revenue growth in the UK over the past quarter - the first time in several years, Berenberg said.
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.