Britannia shares rise despite UBS trimming target 11%
In short
Britannia Industries shares rose even after UBS cut its target price by 11% and kept a buy rating on the stock.
The stock still has broad analyst support, with 32 of 41 analysts on buy calls. That can help investor sentiment around the company.
What the reporting says
Britannia Industries shares rose even after UBS cut its target price by 11% while keeping a buy view on the stock. The note points to continued broker support despite the lower target.
Why it matters
Britannia Industries shares moved higher after UBS reduced its target price by 11% but retained a buy recommendation. The combination suggests the market is still seeing support for the consumer company despite the cut in the target.