MARKET TALK: RBS Raises Britvic Price Target

17th Jun 2010 07:32

0632 GMT [Dow Jones] Royal Bank of Scotland raises Britvic (BVIC.LN) price target to 540p from 470p, noting solid growth opportunities in the core business. Expects the company to deliver on its growth guidance to '13, with scope for outperformance in the Ebit margin. "There are clear opportunities to add value to the recent French acquisition, which provides a platform for growth across Europe." Says delivering on growth expectations on a sustained basis, combined with potential margin upside and international expansion opportunities, should provide ample support to current earnings estimates at the least, and could lead to a rerating. Keeps the stock at buy. Shares closed Wednesday at 475p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 17, 2010 02:32 ET (06:32 GMT)