SABMiller Price Target Lowered to GBX 2,700 at Nomura (SAB)
Research analysts at Nomura dropped their price target on shares of SABMiller (LON:SAB) from GBX 2,800 ($44.70) to GBX 2,700 ($43.10) in a report released on Monday, Analyst RN reports. The firm currently has a “reduce” rating on the stock. Nomura’s price objective would indicate a potential downside of 9.09% 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 in a research note to investors on Friday. They now have a GBX 3,620 ($57.79) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of SABMiller from GBX 3,400 ($54.28) to GBX 3,100 ($49.49) in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, 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 ($60.66) price target on the stock. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 3,420.03 ($54.60).
SABMiller (LON:SAB) traded down 1.46% during mid-day trading on Monday, hitting GBX 2970.00. 1,693,677 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 £47.340 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.