SABMiller Receives Sell Rating from AlphaValue (SAB)
SABMiller (LON:SAB)‘s stock had its “sell” rating restated by research analysts at AlphaValue in a report released on Thursday, Analyst Ratings Net reports. They currently have a GBX 2,654 ($42.58) price objective on the stock. AlphaValue’s target price indicates a potential downside of 10.58% from the stock’s previous close.
A number of other analysts have also recently weighed in on SAB. Analysts at Liberum Capital reiterated a “sell” rating on shares of SABMiller in a research note to investors on Monday. Separately, analysts at Santander reiterated a “buy” rating on shares of SABMiller in a research note to investors on Friday, October 4th. They now have a GBX 3,675 ($58.96) price target on the stock. Finally, analysts at Credit Suisse downgraded shares of SABMiller from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 3rd. They now have a GBX 3,250 ($52.14) price target on the stock, down previously from GBX 3,800 ($60.97). Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 3,456.89 ($55.46).
Shares of SABMiller (LON:SAB) traded up 1.45% on Thursday, hitting GBX 3011.00. 594,610 shares of the company’s stock traded hands. SABMiller has a 52 week low of GBX 2589.5801 and a 52 week high of GBX 3683.50. The stock’s 50-day moving average is GBX 3141. and its 200-day moving average is GBX 3307.41. The company’s market cap is £47.993 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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