SABMiller Rating Reiterated by Berenberg Bank (SAB)
SABMiller (LON:SAB)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research note issued to investors on Friday, Analyst Ratings Net reports. They currently have a GBX 3,800 ($60.97) target price on the stock. Berenberg Bank’s price target points to a potential upside of 26.67% from the stock’s previous close.
SAB has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of SABMiller in a research note to investors on Monday. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. SABMiller has a consensus rating of “Hold” and an average price target of GBX 3,436.52 ($55.13).
SABMiller (LON:SAB) opened at 3026.00 on Friday. 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 £48.232 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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