Britvic (BVIC.L) 02-03-20
Will Britvic (BVIC.L) fall beyond the 862p support level, or will we see a retest of 1068p? (+24%)
- The stock is near support at 862p, now trading at 860p (at time of writing).
- Whilst the past does not always repeat itself, the support level has held up well.
- From here, will buying pressure return to drive the price back to 1068p? (+24%).
- As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
- Shares -19% from 12-month highs; +1% from 12 month lows.
Latest News
26 Feb: Goldman Sachs today initiates coverage of Britvic (BVIC) with a buy rating and target price of 1120p.
03 Feb: JP Morgan Cazenove has upgraded its rating on Britvic (BVIC) up to overweight (from neutral).
31 Jan: Britvic, the beverage maker, posted a 4.9% increase in revenue for Q1 and announced that it was confident of selling its French juice business unit soon.
07 Jan: Barclays Capital reiterates its equal weight rating on Britvic (BVIC) and reduced the target price to 940p (from 1000p).
16 Dec: HSBC reiterates its hold rating on Britvic (BVIC) and increased the target price to 960p (from 950p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires