Britvic – Potential for a juicy profit here.
We’ve been buying since 690 GBX. The share price dropped out of its ascending channel in February. This drop was consolidated by fears around the Governments sugar levy, which now seem to be unfounded with 94% of Britvic’s own brands outside of this tax. Further upside can be seen from the global expansion currently underway. They have just moved into Brazil – the world’s biggest concentrates market and have number of new product releases in the US. Currently yielding 3.52%, and has a P/E of 17.74 and EPS of 0.424. Price target is 830, which would indicate a further 11.2% upside.
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