SABMiller PT Lowered to GBX 3,400 (SAB)
Investment analysts at Morgan Stanley reduced their price target on shares of SABMiller (LON:SAB) from GBX 3,435 ($53.73) to GBX 3,400 ($53.18) in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 11.75% from the company’s current price.
A number of other firms have also recently commented on SAB. Analysts at Berenberg Bank reiterated a “buy” rating on shares of SABMiller in a research note to investors on Friday. They now have a GBX 3,800 ($59.44) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of SABMiller in a research note to investors on Monday. Finally, analysts at HSBC reiterated a “neutral” rating on shares of SABMiller in a research note to investors on Monday, July 29th. They now have a GBX 3,400 ($53.18) price target on the stock.
Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. SABMiller has an average rating of “Hold” and a consensus price target of GBX 3,557 ($55.64).
SABMiller (LON:SAB) opened at 3078.50 on Friday. SABMiller has a 1-year low of GBX 2589.5801 and a 1-year high of GBX 3683.50. The stock’s 50-day moving average is GBX 3187. and its 200-day moving average is GBX 3319.59. The company’s market cap is £49.069 billion.
SABMiller plc is a holding company which has brewing and beverage interests across six continents. The Company is engaged in manufacture, distribution and sale of beverages.
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