SABMiller Price Target Lowered to GBX 3,100 at Deutsche Bank (SAB)
Stock analysts at Deutsche Bank dropped their target price on shares of SABMiller (LON:SAB) from GBX 3,400 ($54.55) to GBX 3,100 ($49.74) in a report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 3.33% from the company’s current price.
SABMiller (LON:SAB) opened at 3029.50 on Friday. 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 £48.288 billion.
SAB has been the subject of a number of other recent research reports. 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 ($60.97) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of SABMiller from GBX 3,520 ($56.47) to GBX 3,270 ($52.46) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Finally, analysts at AlphaValue reiterated a “sell” rating on shares of SABMiller in a research note to investors on Thursday. They now have a GBX 2,654 ($42.58) price target on the stock. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 3,436.52 ($55.13).
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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