SABMiller Given Buy Rating at Grupo Santander (SAB)
SABMiller (LON:SAB)‘s stock had its “buy” rating reaffirmed by investment analysts at Grupo Santander in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 3,675 ($58.67) target price on the stock. Grupo Santander’s target price suggests a potential upside of 16.04% from the stock’s previous close.
Shares of SABMiller (LON:SAB) opened at 3150.00 on Friday. SABMiller has a 1-year low of GBX 2589.5801 and a 1-year 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 £50.209 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd downgraded shares of SABMiller to an “add” rating in a research note to investors on Friday. They now have a GBX 3,500 ($55.87) price target on the stock, down previously from GBX 3,700 ($59.07). Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of SABMiller in a research note to investors on Friday. They now have a GBX 3,250 ($51.88) price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of SABMiller in a research note to investors on Friday. They now have a GBX 3,747 ($59.82) price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. SABMiller presently has a consensus rating of “Hold” and an average price target of GBX 3,409.93 ($54.44).
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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