SABMiller plc Stock Rating Upgraded by HSBC (SBMRY)
SABMiller plc (NASDAQ:SBMRY) was upgraded by research analysts at HSBC from a “neutral” rating to an “overweight” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on SBMRY. Analysts at RBC Capital initiated coverage on shares of SABMiller plc (NASDAQ:SBMRY) in a research note to investors on Tuesday, July 9th. They set an “underperform” rating on the stock. Analysts at Societe Generale upgraded shares of SABMiller plc (NASDAQ:SBMRY) from a “hold” rating to a “buy” rating in a research note to investors on Friday, July 5th.
Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $60.00.
Shares of SABMiller plc (NASDAQ:SBMRY) traded up 2.11% on Tuesday, hitting $50.259. 25,767 shares of the company’s stock traded hands. SABMiller plc has a 52-week low of $41.30 and a 52-week high of $57.07. The stock has a 50-day moving average of $48.87 and a 200-day moving average of $50.90. The company has a market cap of $80.109 billion and a P/E ratio of 24.19.
SABMiller plc is a holding company. It has brewing and beverage interests across six continents: Latin America, Europe, North America, Africa, Asia and South Africa.
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