SABMiller’s Sell Rating Reaffirmed at Liberum Capital (SAB)
SABMiller (LON:SAB)‘s stock had its “sell” rating restated by research analysts at Liberum Capital in a report released on Monday, Stock Ratings Network reports.
Shares of SABMiller (LON:SAB) opened at 3008.00 on Monday. 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 3141. and a 200-day moving average of GBX 3307.41. The company’s market cap is £47.945 billion.
SAB has been the subject of a number of other recent research reports. Analysts at Santander reiterated a “buy” rating on shares of SABMiller in a research note to investors on Friday. They now have a GBX 3,675 ($58.96) price target on the stock. Separately, analysts at Credit Suisse downgraded shares of SABMiller from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a GBX 3,250 ($52.14) price target on the stock, down previously from GBX 3,800 ($60.97). Finally, analysts at Canaccord Genuity reiterated a “sell” rating on shares of SABMiller in a research note to investors on Wednesday, October 2nd. They now have a GBX 3,000 ($48.13) price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 3,487.77 ($55.96).
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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