07:55:39 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Cott Corp
Symbol BCB
Shares Issued 122,676,770
Close 2016-06-27 C$ 17.30
Market Cap C$ 2,122,308,121
Recent Sedar Documents

Globe says Cott has British pound exposure

2016-06-28 07:04 ET - In the News

The Globe and Mail reports in its Tuesday, June 28, edition that a new report from CIBC World Markets says Cott is one of the top 20 S&P/TSX composite index stocks with the most exposure to the British pound. The Globe's Karen Ho writes that net revenue at the soft drink and beverage company's British division in 2015 was $557-million, representing 18.9 per cent of the company's total revenue for the fiscal year ended Jan. 2, 2016. The division also represents 9.1 per cent of Cott's gross profit for 2015 and 28.1 per cent of the company's operating profit. On Monday Cott shares gave back $1.14 to close in Toronto at $17.30. The Globe reported on April 9 that Canaccord Genuity analyst Derek Dley rated Cott "buy." In the item, Mr. Dley said: "In our view, Cott represents a business which has (and continues to be) transformed from one focused on declining legacy categories, to a strong free cash flow generator with a strategic and visible growth profile. ... We encourage investors to accumulate shares." Cott shares could then be had for $18.58.

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