SABMiller Rating Reiterated by Liberum Capital (SAB)
SABMiller (LON:SAB)‘s stock had its “sell” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 2,700 ($42.87) price objective on the stock. Liberum Capital’s price objective would indicate a potential downside of 15.36% from the company’s current price.
A number of other analysts have also recently weighed in on SAB. Analysts at Societe Generale reiterated a “buy” rating on shares of SABMiller (LON:SAB) in a research note to investors on Tuesday. They now have a GBX 3,620 ($57.48) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of SABMiller (LON:SAB) in a research note to investors on Tuesday. They now have a GBX 3,700 ($58.75) price target on the stock. Finally, analysts at Nomura downgraded shares of SABMiller (LON:SAB) from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, September 12th. They now have a GBX 2,800 ($44.46) price target on the stock, down previously from GBX 3,300 ($52.40).
Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 3,497.48 ($55.53).
Shares of SABMiller (LON:SAB) traded up 0.11% on Wednesday, hitting GBX 3190.00. The stock had a trading volume of 1,442,948 shares. SABMiller has a 52-week low of GBX 2589.5801 and a 52-week high of GBX 3683.50. The stock has a 50-day moving average of GBX 3135.84 and a 200-day moving average of GBX 3307.65. The company’s market cap is £50.846 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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