SABMiller Stock Rating Reaffirmed by UBS AG (SAB)
SABMiller (LON:SAB)‘s stock had its “neutral” rating restated by equities research analysts at UBS AG in a research note issued to investors on Friday, Analyst Ratings Network reports. They currently have a GBX 3,300 ($52.68) price objective on the stock. UBS AG’s target price indicates a potential upside of 4.20% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller in a research note to investors on Friday. They now have a GBX 3,675 ($58.67) price target on the stock. Separately, 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). Finally, 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. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,409.93 ($54.44).
Shares of SABMiller (LON:SAB) opened at 3141.00 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 £50.065 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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