SABMiller Rating Reiterated by Renaissance Capital (SAB)
SABMiller (LON:SAB)‘s stock had its “hold” rating reaffirmed by analysts at Renaissance Capital in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 3,325 ($53.08) price target on the stock. Renaissance Capital’s price objective indicates a potential upside of 10.32% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of SABMiller from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a GBX 3,200 ($51.09) price target on the stock, down previously from GBX 3,550 ($56.67). Separately, analysts at Nomura cut their price target on shares of SABMiller from GBX 2,800 ($44.70) to GBX 2,700 ($43.10) in a research note to investors on Monday. They now have a “reduce” rating on the stock. Finally, 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. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. SABMiller currently has a consensus rating of “Hold” and an average price target of GBX 3,415.22 ($54.52).
Shares of SABMiller (LON:SAB) opened at 2980.00 on Monday. SABMiller has a 1-year low of GBX 2589.5801 and a 1-year 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 £47.499 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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