SABMiller Given Buy Rating at Santander (SAB)
SABMiller (LON:SAB)‘s stock had its “buy” rating reaffirmed by equities researchers at Santander in a research report issued on Friday, Analyst Ratings Net reports. They currently have a GBX 3,675 ($60.28) price target on the stock. Santander’s price objective suggests a potential upside of 23.18% from the stock’s previous close.
SABMiller (LON:SAB) traded up 0.32% on Friday, hitting GBX 2993.00. The stock had a trading volume of 1,083,614 shares. SABMiller has a 52 week low of GBX 2888.00 and a 52 week high of GBX 3683.50. The stock’s 50-day moving average is GBX 1942. and its 200-day moving average is GBX 2437.. The company’s market cap is £47.738 billion.
SAB has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of SABMiller in a research note to investors on Thursday. They now have a GBX 3,000 ($49.20) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of SABMiller in a research note to investors on Thursday. They now have a GBX 2,700 ($44.28) price target on the stock. Finally, analysts at Grupo Santander reiterated a “buy” rating on shares of SABMiller in a research note to investors on Wednesday. They now have a GBX 3,675 ($60.28) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,393.22 ($55.65).
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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